Citigroup Raises 12-Month Price Targets for Bitcoin and Ethereum

Citigroup has increased its 12-month price target for Bitcoin to $113,000 and Ethereum to $3,028. The bank now projects approximately $5 billion in net inflows into crypto ETFs over the next year, reversing its previous outlook of zero net inflows. The bank's valuation model heavily weights spot ETF flows as a primary driver for price movement.