Citigroup raised its 12-month price targets for Bitcoin and Ether, lifting Bitcoin to $113,000 from $82,000 and Ether to $3,028 from $2,240, according to Reuters. Citi cited accelerating crypto market activity, a favorable macroeconomic environment, and resuming ETF inflows—projecting approximately $5 billion in net ETF inflows over the coming 12 months.

The bank noted that while the US Senate’s failure last week to advance The Clarity Act narrowed the legislative pathway for a comprehensive market structure framework, subsequent regulatory clarifications by the SEC helped curb negative market sentiment. Additionally, Bitcoin and Ether have rebounded nearly 40% and 68% over the past three months, supported by recent US Treasury buybacks of longer-dated bonds that weakened the dollar and rekindled upward momentum across digital assets.