Bitcoin at $113,000, Ethereum at $3,028: Citibank Shares One-Year Prediction

Banking giant Citbank has shared a bullish prediction on Bitcoin and Ethereum, setting price targets of 20-25% higher for each over the next year. This comes as the broader crypto market saw a strong rebound from mid-August. On the other hand, macro indicators are improving as PCE inflation shows signs of cooling down and the odds of an interest rate hike dropping.

Citi Raises 12-Month Target for Bitcoin to $113,000, and Ether Target to $3,028

Citigroup has raised its 12-month price targets for Bitcoin and Ether, increasing its Bitcoin forecast to $113,000 from $82,000 and its Ether target to $3,028 from $2,240, Reuters reported.

The banking giant cited a favourable activity across the broader crypto market, as well as the macroeconomic conditions turning favourable. Furthermore, Citibank is also betting on the renewed ETF inflows in the market.

Just for reference, Bitcoin ETFs have reversed all of the $5 billion outflows in July, and is net positive by $1 billion for the year 2026. Citi projects approximately $5 billion in net crypto ETF inflows over the next 12 months.

Citibank has also lauded the regulatory actions undertaken by the US SEC, despite the failure of the CLARITY Act bill to pass through. However, it said that the U.S. Senate’s failure to advance the CLARITY Act last week narrowed the path toward a comprehensive crypto market structure framework.

Over the past three months, Bitcoin and Ether have rebounded nearly 40% and 68%, respectively. As per Citibank, this recovery is partly due to recent U.S. Treasury buybacks of longer-dated bonds, which weakened the dollar and renewed upward momentum across digital assets.

Ethereum (ETH) Shows Greater Relative Strength Than Bitcoin

As said above, Ethereum (ETH) has clearly outperformed Bitcoin (BTC) over the past three months. Reports suggest that ETH is currently showing greater relative strength than BTC, in overall comparison.

As reported by AskClash, Ethereum (ETH) has posted stronger returns than Bitcoin (BTC) across all timeframes. ETH gained 0.78% over 24 hours, 0.59% over seven days, 8.93% over 30 days, and 58.2% over 90 days. Bitcoin recorded gains of 0.55% over 24 hours, a 0.17% decline over seven days, a 6.38% increase over 30 days, and a 36.6% rise over 90 days.

There’s no doubt that Bitcoin is a larger asset in market size, and thus, has a much higher relative base. AskClash said the performance gap indicates stronger relative momentum for ETH as BTC consolidates around the $82,000–$83,000 range.

Crypto analyst CW said Ethereum’s (ETH) bullish trend remains intact. He identified $2,680 as a key Point of Control (POC) level that continues to provide strong support.

CW noted that the buy wall around ETH remains firm as the price moves toward the $2,740–$2,760 sell wall. According to the analyst, breaking through this resistance zone would be necessary for a more significant rally.

Bitcoin Flashes Bull Signal As US Jobs Data Improves

Crypto analyst CW said Bitcoin’s “Bull On” signal is strengthening while its “Bull Off” signal continues to weaken, indicating a gradual transition toward a bull market.

CW noted that the “Bull On” indicator currently stands at 39. As shown in the image below, a reading of 60 marks the threshold for a full-fledged bull market.

On the other hand, U.S. initial jobless claims came in at 197,000, below expectations of 201,000. Thus, strong employment combined with cooling inflation continues to support the soft-landing outlook. This creates a favourable setup for risk assets, overall.

This article is for informational purposes only and does not constitute financial or investment advice. Citi’s targets and analyst indicators are forecasts and may not materialize.