Citi raised its forecasts for the prices of Bitcoin and Ethereum over the next 12 months, as activity in cryptocurrency markets improves, supported by a more favorable macroeconomic environment, along with the return of inflows to exchange-traded funds linked to digital assets, according to Reuters.

Raising the bank's target for Bitcoin to $113,000 within 12 months, compared with the previous $82,000, while lifting its Ethereum target to $3,028 from $2,240.

This represents an increase of about 35% in both targets compared with the previous estimates. According to CoinGecko data, Bitcoin is currently trading above $84,000, while Ethereum’s price has risen to more than $2,700—meaning that reaching Citi’s targets would translate into potential gains of about 35% for Bitcoin and 12% for Ethereum from current levels.

📌5 billion dollars in expected inflows

Citi expects flows into the crypto market to resume at a slower pace, but in a more stable manner, as financial advisors and brokerage firms gradually increase their allocations to Bitcoin.

The bank estimates that these inflows could reach around $5 billion over the next 12 months, a level that represents a major shift compared with last year, not just a limited increase in demand.

Spot Bitcoin ETPs had ended the 12 months ending in September with slightly net outflows, according to SoSoValue data, recording six months of net negative flows during that period, while June alone saw outflows of around $4.51 billion.

In contrast, spot Bitcoin funds attracted nearly $880 million since the beginning of 2026, compared with $21.37 billion during all of 2025.

Citi’s report summary does not clarify whether the estimate of $5 billion in inflows applies only to spot Bitcoin ETPs, or also includes a broader range of crypto-related investment products.

📌A target below the historical peak

Despite Citi raising its forecasts, its new Bitcoin target still remains below the all-time high for the cryptocurrency.

Bitcoin hit a record level of around $126,200 in October 2025, meaning Citi’s $113k target is about 10% below that peak—even if the coin reaches the target level within the next 12 months.#Binance