Citigroup has raised its 12-month price forecast for Bitcoin to $113,000, a significant upgrade from its earlier projection of $82,000, while also setting a target of $3,000 for Ethereum, according to the bank's latest research note.
Revised Outlook Reflects Shifting Sentiment
The upgraded Bitcoin target marks a notable shift in tone from the Wall Street giant, which had previously held a more conservative view on the leading cryptocurrency. The new figure represents a substantial jump from the bank's prior $82,000 estimate, signaling growing institutional confidence in digital assets.
Despite the optimism, Citi's revised target still sits roughly 10% below the all-time high Bitcoin reached in October 2025. That gap suggests the bank sees further room for the asset to climb but remains measured in its projections over the coming year.
Even an upgraded forecast leaves Bitcoin trailing its own record — a reminder that caution still tempers Wall Street's crypto enthusiasm.
Ethereum Joins the Forecast
Alongside its Bitcoin call, Citi set a 12-month price target of $3,000 for Ethereum, the second-largest cryptocurrency by market value. The inclusion of Ethereum in the bank's outlook reflects the broader institutional interest in major digital assets beyond Bitcoin.
The adjustments come amid a maturing market environment in which traditional financial institutions have increasingly incorporated cryptocurrencies into their research coverage and investment strategies. Banks like Citi issuing formal price targets underscores how far digital assets have moved toward mainstream acceptance.
Key takeaways from Citi's updated forecast include:
- A Bitcoin target of $113,000, up from $82,000
- An Ethereum target of $3,000 over the next 12 months
- A projection that still remains below Bitcoin's October 2025 peak
As with any forecast, the targets remain subject to the volatility that continues to define the crypto market, and investors are advised to weigh such projections against broader economic and regulatory developments.