Citigroup raises Bitcoin and Ethereum price targets, reflecting a positive outlook for crypto markets amidst increasing investor activity and ETF inflows.
Citigroup Raises Cryptocurrency Forecasts
Citigroup has revised its predictions for Bitcoin and Ethereum, setting a new price target of $113,000 for Bitcoin, up from $82,000, and $3,028 for Ethereum, an increase from $2,240. These adjustments signal a bullish outlook for the cryptocurrencies, driven by a more favorable macroeconomic climate and an increase in ETF-related inflows.
Both estimates reflect a significant increase of approximately 35% compared to previous forecasts. Presently, Bitcoin is priced around $83,900, suggesting potential growth of about 35%, while Ethereum's current price around $2,700 indicates a possible rise of 12% if targets are met.
Expected Crypto Inflows
The bank anticipates that the cryptocurrency market will see $5 billion in inflows over the next year, with a gradual recovery expected as financial advisors and brokerages increase their Bitcoin allocations. This forecast marks a turnaround from the previous year's performance, where spot Bitcoin ETFs experienced substantial outflows.
In 2025, the market witnessed significant withdrawals, totalling $4.51 billion in June alone, but has since seen a resurgence, with $880 million in inflows for 2026 compared to a record $21.37 billion in 2025. The specifics about whether this forecast pertains only to spot Bitcoin ETFs or includes a wider range of products remain unclear.
Market Dynamics
Despite the optimistic outlook, Citigroup's targets still fall short of Bitcoin's record high of approximately $126,200 reached in October 2025, indicating a potential gap of around 10% from that peak. Additionally, the bank commented on the regulatory landscape, noting the recent failure of the Clarity Act in the Senate has limited the potential for a comprehensive market-structure bill, although new SEC regulations may help alleviate market concerns.
Both Bitcoin and Ethereum have seen impressive price increases of nearly 40% and 68%, respectively, over the past three months, significantly lessening their year-to-date losses. Spot Bitcoin ETFs have also seen continued inflows, recently surpassing $3.08 billion since mid-September, with the week ending September 25 reporting the highest weekly inflow total since October 2025. However, daily inflows have begun to slow, highlighting the volatile nature of the market as Bitcoin fluctuates around $85,000.
