Citi Raises 12-Month Price Targets for Bitcoin and Ethereum

Citigroup has increased its 12-month price targets for Bitcoin to $113,000 and Ethereum to $3,028, citing heightened market activity, supportive macroeconomic conditions, and a recovery in ETF inflows. The bank projects $5 billion in inflows into the crypto market over the next year, noting that while growth may be slower, it will be more stable as financial advisors and brokerages increase their allocations. Additionally, the report highlighted that the U.S. Senate's failure to advance the CLARITY Act (US digital-asset market-structure bill) represents a setback for the industry, while a weakening U.S. dollar following Treasury buybacks has helped fuel recent market momentum.