Citigroup has lifted its 12-month price forecast for bitcoin to $113,000, pointing to a revival in exchange-traded fund inflows as a key driver behind the more bullish outlook. The bank also sharply increased its target for ether, signaling growing confidence across major digital assets.
A More Bullish Call on Bitcoin
Citigroup's revised projection reflects renewed institutional demand for the world's largest cryptocurrency. The bank cited the return of ETF inflows as a central factor shaping its improved expectations, suggesting that steady capital movement into these products could continue to support prices over the coming year.
Spot bitcoin ETFs have become an increasingly important barometer of appetite among traditional investors. When inflows accelerate, they tend to reinforce positive sentiment and provide a structural source of demand that can help underpin valuations.
Renewed ETF inflows are emerging as a decisive force behind Wall Street's warming view on digital assets.
Ether Target Climbs Sharply
Beyond bitcoin, Citigroup turned more optimistic on ether as well. The bank raised its 12-month target for the second-largest cryptocurrency from $2,240 to $3,028, a meaningful upgrade that mirrors its more constructive stance on the broader market.
The revised figures underscore how large financial institutions are increasingly folding crypto forecasts into their formal research, treating digital assets with the same analytical rigor applied to traditional markets.
Key takeaways from Citigroup's updated outlook include:
- A new 12-month bitcoin target of $113,000
- An ether target raised to $3,028 from $2,240
- Resumed ETF inflows cited as a primary catalyst
As institutional participation deepens, the direction of ETF flows is likely to remain a closely watched signal for analysts and investors trying to gauge where crypto prices head next.