MarketsCitigroup has revised its 12-month price prediction for bitcoin to $113,000, up from $82,000, coinciding with a resurgence of inflows into exchange-traded funds (ETFs) and positive macroeconomic indicators.
Citi also increased its 12-month ether forecast from $2,240 to $3,028.
According to a report by Jamie Crawley on October 1, 2026, Citigroup has also raised its ether target to $3,028, up from $2,240, as they noted a favorable shift in market conditions.
- Citigroup’s new bitcoin forecast reflects a 35% increase based on current prices, while the ether target shows a 12% rise.
- The financial institution anticipates that cryptocurrency investment products will attract about $5 billion over the next year, as financial advisers and brokerages gradually increase their bitcoin allocations.
- Following the Senate's rejection of the Clarity Act on September 15, bitcoin saw a price increase of over 10%, with subsequent announcements from the SEC and Treasury bond buybacks easing market concerns and revitalizing the broader cryptocurrency sector.
Citigroup (C) has adjusted its outlook for bitcoin BTC$83,764.97 and ether ETH$2,690.68, citing renewed ETF inflows and supportive economic conditions, as reported by Reuters.
The bank’s revised 12-month forecast for bitcoin now stands at $113,000, while the outlook for ether has been updated to $3,028, according to a note issued on Wednesday.
The adjusted targets indicate an approximate rise of 35% for BTC and 12% for ETH based on existing market prices.
Citi expects a steady influx into investment vehicles like ETFs, projecting an inflow of $5 billion in the coming year as financial advisers and brokerage firms gradually enhance their bitcoin allocations.
As of July 13, U.S. spot bitcoin ETFs had reported net outflows totaling $5.8 billion for the year. However, this trend has shifted, with net inflows for 2026 reaching $800 million by late September.
Despite the Senate’s failure to advance the Clarity Act last month, Citigroup noted that the SEC’s subsequent rule announcements have helped mitigate negative market sentiment.
The cryptocurrency market displayed resilience after the Senate's rejection of the Clarity Act on September 15, with bitcoin appreciating by over 10% by the month's end.
Citi attributes the recovery to the U.S. Treasury's decision to repurchase longer-dated bonds, which has reignited momentum in the crypto market, helping it recover from a prolonged period of underperformance compared to other risk assets.
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