Citigroup raises 12-month price targets for Bitcoin and Ethereum

Citigroup has increased its 12-month price target for Bitcoin from $82,000 to $113,000 and for Ethereum from $2,240 to $3,028, citing improved crypto market activity, a favorable macroeconomic environment, and renewed ETF inflows. The bank projects $5 billion in inflows over the next year as advisors and brokerages gradually increase allocations. While the bank remains optimistic, it noted that the failure of the Clarity Act in the Senate last month has narrowed the path for a comprehensive market structure bill.