Citigroup Cuts Bitcoin Target to $112,000, Ethereum Forecast to $3,175
Citigroup cut its 12-month bitcoin price target to $112,000 from $143,000 and lowered its ethereum forecast to $3,175 from $4,304. The bank cited US crypto legislative delays that push ETF-driven inflows into late 2026.
1. Revised Crypto Price Targets
Citigroup cut its 12-month bitcoin price target to $112,000 from $143,000 and lowered its ethereum forecast to $3,175 from $4,304, reflecting a significant reduction in bullish outlooks for both assets.
2. Legislative Timeline Impact
Analysts attributed the downward revisions to a narrowing legislative window in the US, with key crypto frameworks and stablecoin regulations now unlikely before late 2026, delaying expected ETF-driven capital inflows.
3. Market Context and ETF Flows
Despite Citi’s caution, asset managers like BlackRock have continued to accumulate, with BlackRock purchasing $600 million in Bitcoin, highlighting a contrast between institutional accumulation strategies and delayed regulatory catalysts.
4. Bull and Bear Scenarios
Citi’s bull case hinges on reclaiming $92,000 to validate a path to $112,000 with ETF support and a dovish Fed, while the bear case warns of losing $84,000 and targeting a downside of $78,500 amid legislative gridlock.