Citigroup Lifts 12-Month Bitcoin Target to $113K, Ethereum to $3K
Citigroup raised its 12-month price target for Bitcoin to $113,000 from $82,000 and Ethereum to $3,028, citing renewed ETF inflows and a recovery from mid-year weakness. The new Bitcoin target sits about 10% below the coin's October 2025 record high.
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Revised Price Targets
Citigroup increased its 12-month Bitcoin price target to $113,000, up from a prior $82,000 estimate, according to a report cited by Reuters. The bank simultaneously raised its Ethereum target to $3,028. Decrypt reported that the new Bitcoin target remains approximately 10% below Bitcoin's October 2025 record close.
Rationale: ETF Demand and Market Recovery
The bank attributed the upward revision to a return of ETF inflows and a broader recovery in crypto markets following mid-year weakness. Citigroup's analyst team did not detail specific new fundamental drivers in the available reporting, but flagged institutional appetite through exchange-traded products as a key factor supporting the higher price expectations.
Context
The revised targets represent a material increase from prior guidance but maintain a cautious stance relative to Bitcoin's recent all-time highs. The 31% upward revision on Bitcoin and the new Ethereum target suggest Citigroup's base case now incorporates sustained institutional participation in spot crypto markets.
Why It Matters
For Traders
A major bank's revised $113K target may provide price support or resistance levels for near-term positioning, though analyst targets often lag or lead price by weeks.
For Investors
Large financial institutions publicly raising crypto price forecasts signals growing confidence in institutional adoption and reduced regulatory risk perception.
For Builders
Institutional capital inflows driven by ETF products may increase network effects and user acquisition costs for competing L1 and L2 platforms.
This article is for information only and is not financial advice. Read the full disclaimer.
