Citigroup has raised its 12-month Bitcoin target from $82,000 to $113,000, while its ether target moved from $2,240 to $3,028. The New York-based bank now forecasts roughly $5 billion in crypto flows over twelve months, after projecting zero net inflows in July. With nearly $2.9 trillion in assets on its balance sheet as of June 30, Citi treats Bitcoin as a macro asset alongside Brent crude and gold in its research notes. Simultaneously, the institution is building a digital asset custody service by the end of 2026, including Bitcoin in its Custody+ platform, and launched USDC payments with Coinbase in late September.
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