Citigroup Raises Bitcoin Price Target to $113,000 for Next 12 Months

Citigroup has revised its 12-month price targets for Bitcoin (BTC) and Ethereum (ETH), citing increased trading activity, a favorable macroeconomic environment, and renewed ETF inflows. The bank raised its Bitcoin target from $82,000 to $113,000 and its Ethereum target from $2,240 to $3,028. Citigroup also projects $5 billion in inflows and noted that recent regulatory announcements from the SEC and CFTC have helped alleviate bearish sentiment.