Citigroup Raises Bitcoin Target to $113,000, Ethereum to $3,028

Citigroup has raised its price targets for Bitcoin and Ethereum over the next 12 months, citing a recovery in flows into cryptocurrency exchange-traded funds (ETFs).

The bank’s updated targets put Bitcoin at $113,000 and Ethereum at $3,028. The two are the largest cryptocurrencies by market value.

The revised outlook rests on improving ETF flows, which provide a channel for investors to gain exposure to digital assets through listed investment products.

Citigroup’s higher targets reflect a more positive view of the two cryptocurrencies. They remain forecasts for the coming year, rather than current trading prices or guaranteed outcomes.