{"id":439493,"date":"2026-10-06T09:46:11","date_gmt":"2026-10-06T02:46:11","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/icymi-citi-raises-bitcoin-target-to-113000-and-ether-to-3028-as-crypto-inflows-return-439493\/"},"modified":"2026-10-06T09:46:11","modified_gmt":"2026-10-06T02:46:11","slug":"icymi-citi-raises-bitcoin-target-to-113000-and-ether-to-3028-as-crypto-inflows-return","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/icymi-citi-raises-bitcoin-target-to-113000-and-ether-to-3028-as-crypto-inflows-return-439493\/","title":{"rendered":"ICYMI: Citi raises bitcoin target to $113,000 and ether to $3,028 as crypto inflows return"},"content":{"rendered":"<div>\n<p dir=\"ltr\">Citi&#8217;s upgrade adds tier-one support to the recovery in crypto, which may encourage institutional buyers who have held back since bitcoin&#8217;s slide from its record high. The forecast&#8217;s reliance on steady ETF inflows makes weekly flow data a key signal, especially after last week&#8217;s sharp slowdown. The differing upside targets favour bitcoin over ether, which could shift relative positioning between the two after ether&#8217;s outperformance. Macro remains the swing factor, with dollar strength or a further rise in Treasury yields the main threats to the bank&#8217;s outlook.<\/p>\n<p dir=\"ltr\">&#8212;<\/p>\n<p dir=\"ltr\">Earlier:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/cryptocurrency\/a-year-after-its-126-000-peak-bitcoin-trades-like-a-rates-bet-not-an-inflation-hedge\" target=\"_blank\" rel=\"follow\">A year after its $126,000 peak, bitcoin trades like a rates bet, not an inflation hedge<\/a><\/li>\n<\/ul>\n<p dir=\"ltr\">\n<p dir=\"ltr\">&#8212;<\/p>\n<p dir=\"ltr\">Citi has turned more bullish on crypto, but its bet is on bitcoin rather than ether, the token that has done most of the running lately.<\/p>\n<p dir=\"ltr\">Summary:<\/p>\n<ul dir=\"ltr\">\n<li>Citi raised its 12-month bitcoin target to $113,000 from $82,000 and ether to $3,028 from $2,240, Reuters reported.<\/li>\n<li>The bank cites stronger crypto activity, a supportive macro backdrop and resuming ETF inflows, with about $5 billion of inflows expected over 12 months.<\/li>\n<li>Citi said the Clarity Act&#8217;s failure in the Senate narrowed the path to legislation, but SEC rule announcements eased sentiment.<\/li>\n<li>Bitcoin has gained nearly 40% and ether about 68% over three months, trimming their year-to-date losses to about 4% and 9%.<\/li>\n<li>The targets imply about 31% upside for bitcoin against about 11% for ether.<\/li>\n<\/ul>\n<p dir=\"ltr\">\n<p dir=\"ltr\">Citigroup has raised its 12-month price forecasts for bitcoin and ether, pointing to stronger activity in crypto markets, a supportive macro backdrop and a return of inflows into exchange-traded funds.<\/p>\n<p dir=\"ltr\">In a note late last week, the bank lifted its bitcoin target to $113,000 from $82,000 and its ether forecast to $3,028 from $2,240, <a href=\"https:\/\/www.reuters.com\/business\/finance\/citi-raises-bitcoin-ether-forecasts-strong-crypto-activity-2026-10-01\/\" rel=\"follow\">Reuters <\/a>reported. Citi expects inflows into crypto to resume at a slower but steadier pace as financial advisers and brokerages gradually build allocations to bitcoin, and it forecasts around $5 billion of inflows over the next year.<\/p>\n<p dir=\"ltr\">The upgrade comes despite a regulatory setback. The US Senate <a href=\"https:\/\/investinglive.com\/cryptocurrency\/clarity-failure-what-the-btc-usd-chart-is-showing-and-what-to-watch-next\/\" rel=\"follow\">failed to advance the Clarity Act,<\/a> legislation intended to create a framework for digital asset markets. Citi said the bill&#8217;s failure narrowed the path to market-structure legislation but prompted rule announcements from the Securities and Exchange Commission that helped ease negative sentiment.<\/p>\n<p dir=\"ltr\">Crypto prices have rebounded strongly in recent months. Bitcoin has risen nearly 40% over the past three months and ether about 68%, cutting their losses for the year to roughly 4% and 9% respectively. Bitcoin&#8217;s recovery from its July lows has been helped by a softer dollar following the US Treasury&#8217;s move to buy back longer-dated bonds, according to Reuters.<\/p>\n<p dir=\"ltr\">The forecasts imply a notable gap between the two largest tokens. With bitcoin trading around $86,000 and ether near $2,700 when the targets were published, Citi&#8217;s numbers point to upside of about 31% for bitcoin but only about 11% for ether, despite ether&#8217;s stronger performance in recent months. One analysis of the note suggested that ether&#8217;s sharp rally has already captured much of its near-term upside, while bitcoin is better placed to benefit first from new institutional inflows.<\/p>\n<p dir=\"ltr\">The outlook still depends heavily on the broader macro picture. Citi cited a supportive backdrop, but some other banks see the dollar strengthening from here, which could weigh on crypto. With US Treasury yields near multi-decade highs, investors are also demanding more from assets that pay no income, raising the bar for the steady ETF flows that underpin Citi&#8217;s forecast.<\/p>\n<p dir=\"ltr\">\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Citi&#8217;s upgrade adds tier-one support to the recovery in crypto, which may encourage institutional buyers who have held back since bitcoin&#8217;s slide from its record high. The forecast&#8217;s reliance on steady ETF&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439493","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439493"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439493\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}