Citi Forecasts Crypto Upsurge Amid Macro Optimism
Citi has raised its 12-month forecasts for Bitcoin and Ethereum, citing stronger market activity and improving macro conditions.
The bank's new targets imply a 35% upside for Bitcoin and about 12% for Ethereum. The current prices of both assets are around $84,000 for Bitcoin and near $2,700 for Ethereum.
Citi expects about $5 billion of net crypto inflows over the next year as advisers and brokerages increase allocations, reversing its previous cautious view on ETF demand.
The bank's call is less aggressive than it first appears, with its $113,000 Bitcoin target below the record high reached in October 2025.
The biggest macro obstacle to a sustained rally is the bond market. The 10-year Treasury yield has reached its highest level since 2002, making risk-free bonds an attractive alternative to assets like crypto that generate no income.