Financial services powerhouse Citigroup (C) has upgraded its projections for bitcoin $BTC$83,682.05 and ether $ETH$2,687.73 due to a resurgence in exchange-traded fund (ETF) investments and favorable macroeconomic conditions, as reported by Reuters on Thursday.
Citi has adjusted its one-year price estimate for bitcoin from $82,000 to $113,000, while increasing ether’s forecast from $2,240 to $3,028, as detailed in a note released on Wednesday.
These new targets signify anticipated growth of approximately 35% for $BTC and 12% for $ETH, reflecting their current valuations.
Citi foresees a gradual influx of investments into products such as ETFs, as financial advisors and brokerages are likely to increase bitcoin allocations step by step, projecting an inflow of $5 billion over the upcoming year.
As of July 13, U.S. spot bitcoin ETFs had recorded net outflows of $5.8 billion for the year; however, the trend has reversed since then, with net inflows for 2026 reaching $800 million by late September.
Although the U.S. Senate did not move forward with the Clarity Act last month, Citi indicates that subsequent regulatory announcements from the U.S. Securities and Exchange Commission (SEC) have helped to alleviate pessimistic sentiment.