Financial services giant Citigroup (C) has raised its outlook for bitcoin and ether on account of exchange-traded fund (ETF) inflows resuming and supportive macroeconomic conditions, Reuters reported Thursday.
Citi raised its 12-month forecast for bitcoin from $82,000 to $113,000 and for ether from $2,240 to $3,028, according the report, citing a Wednesday note.
The targets represent increases for BTC and ETH of around 35% and 12% respectively based on their current prices.
Citi expects slow but steady inflows into products like ETFs as advisers and brokerages favour gradual increases in bitcoin allocations, forecasting $5 billion of inflow over the next 12 months.
U.S. spot bitcoin ETFs had experienced year-to-date net outflows of $5.8 billion as of July 13. This has been reversed in the months since though, with net inflows for 2026 reaching $800 million as of late September.
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