- Citi raised its Bitcoin target from $82,000 to $113,000.
- The bank increased its Ethereum target from $2,240 to $3,028.
- Citi expects approximately $5 billion in crypto-asset inflows over the next 12 months, with growth likely to be slower but more stable.
Citi Raises Bitcoin and Ethereum Price Targets
Citi has raised its Bitcoin ($BTC) price target from $82,000 to $113,000 and increased its Ethereum (ETH) target from $2,240 to $3,028. The revisions mark a significant shift from the bank’s previous outlook, which had been reduced earlier because of weaker exchange-traded fund inflows and declining investor interest.
In a note issued yesterday, Citi said capital inflows into crypto assets could resume as financial advisers and brokerage firms gradually increase their allocations to Bitcoin. The bank forecasts approximately $5 billion in inflows into crypto assets over the next 12 months.
Crypto Inflows Expected to Become More Stable
Citi expects the anticipated inflows to develop at a slower pace than in previous periods. However, the bank said the flow of capital could become more stable as advisers and brokerage firms progressively expand their Bitcoin exposure.
The updated targets follow Citi’s decision in July to lower its forecasts. At that time, the bank cut its Bitcoin target from $112,000 to $82,000 and reduced its Ethereum target from $3,175 to $2,240, citing weakening ETF inflows and waning investor interest.
Why This Matters
Citi’s revised outlook suggests that institutional and advisory-channel participation remains an important factor in the cryptocurrency market. The bank’s projection of approximately $5 billion in inflows over the next 12 months points to a potential recovery in crypto-asset allocation, although Citi expects that recovery to be more gradual than previous periods of market expansion.
Frequently Asked Questions
What are Citi’s new Bitcoin and Ethereum targets?
Citi raised its Bitcoin target to $113,000 from $82,000 and its Ethereum target to $3,028 from $2,240.
How much capital does Citi expect to flow into crypto assets?
Citi forecasts approximately $5 billion in crypto-asset inflows over the next 12 months.
Why had Citi previously lowered its targets?
Citi reduced its targets in July because of weakening ETF inflows and declining investor interest.
This is not investment advice.