Citi Raises 12-Month Bitcoin Target to $113,000 and Ether to $3,028
Citigroup has raised its 12-month price targets for Bitcoin and Ether, setting a forecast of $113,000 for Bitcoin and $3,028 for Ether, according to Reuters reporting cited by Coin Bureau.
The bank increased its Bitcoin target from $82,000 and its Ether forecast from $2,240. Citi attributed the revisions to stronger cryptocurrency market activity, a more supportive macroeconomic backdrop and renewed inflows into crypto exchange-traded funds.
Citi Projects $5 Billion in ETF Inflows
Citi expects about $5 billion in net crypto ETF inflows over the next 12 months. The bank anticipates that financial advisers and brokerages will gradually increase their Bitcoin allocations, potentially creating a steadier source of institutional demand.
The revised outlook comes as Bitcoin and Ether have recorded substantial gains over the previous three months. According to the figures cited by Coin Bureau, Bitcoin has risen nearly 40% during that period, while Ether has gained about 68%.
Citi's expectation for renewed ETF demand is therefore a central component of its updated price targets. The bank's projections are forecasts rather than guarantees and remain tied to the market conditions identified in its assessment.
Bitcoin and Ether Targets Move Higher
The increase in Citi's Bitcoin target represents a substantial change from its previous $82,000 forecast. The bank also raised its Ether target by $788, from $2,240 to $3,028.
Reuters reported that Citi's revisions were based on stronger crypto activity, favorable macroeconomic conditions and the resumption of ETF inflows.
The bank's latest estimates come after a period of weaker cryptocurrency ETF demand, making the expected return of inflows an important part of its revised outlook.
Citi has also pointed to the role of financial intermediaries in its projections. Rather than assuming an immediate shift in allocations, the bank expects advisers and brokerages to increase Bitcoin exposure gradually.
Institutional Demand Remains a Key Factor
The projected $5 billion in net ETF inflows over the next 12 months provides a specific measure of the institutional demand Citi expects to return to the market.
The bank's forecast does not establish that the inflows will occur at that level, but instead represents its current expectation based on the factors outlined in its analysis. The pace of allocations by advisers and brokerages will remain relevant to how that projection develops.
For now, Citi's revised 12-month targets stand at $113,000 for Bitcoin and $3,028 for Ether, alongside its expectation of approximately $5 billion in net crypto ETF inflows.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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