Citigroup has raised its 12-month bitcoin forecast to $113,000 from $82,000, citing renewed ETF inflows and supportive macroeconomic conditions. The bank also lifted its ether target and now expects $5 billion in crypto product inflows over the next year.
Exchange-traded fund inflows are resuming, and Citigroup has raised its price targets as a result. The bank pointed to resuming ETF inflows and favorable macroeconomic conditions as the drivers behind its new forecasts, according to a Reuters report cited by CoinDesk.
Citi also raised its 12-month ether forecast from $2,240 to $3,028 in the same note. Based on current prices, the new targets represent increases of around 35% for bitcoin and 12% for ether.
The bank expects slow but steady inflows into products like ETFs, forecasting $5 billion of inflow over the next 12 months as advisers and brokerages favor gradual increases in bitcoin allocations.
U.S. spot bitcoin ETFs had year-to-date net outflows of $5.8 billion as of July 13. That trend has reversed since, with net inflows for 2026 reaching $800 million as of late September.
The U.S. Senate failed to advance the Clarity Act in the middle of last month, yet Citi says the SEC's subsequent rule announcements dampened the negative sentiment that followed. Bitcoin gained more than 10% by the end of September after the vote.
Citi also cited the U.S. Treasury's move to buy back longer-dated bonds, which it says revived momentum across the crypto market and helped it break out of a months-long slump against other risk assets.
Source: CoinDesk
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