Citi Raises Bitcoin Price Target to $113,000 Amid Renewed Institutional Interest

Citi has significantly upgraded its 12-month price target for Bitcoin (BTC) from $82,000 to $113,000 and for Ethereum (ETH) from $2,240 to $3,028. The bank cites improved macroeconomic conditions, renewed inflows into US spot ETFs, and a weakening dollar as key drivers. Citi estimates that the crypto market could attract an additional $5 billion in capital over the next year as financial advisors and brokerages increase their allocations. While the US Senate failed to advance the CLARITY Act, Citi notes that increased regulatory predictability from the SEC has helped mitigate market concerns.