Citi Predicts Bitcoin Will Hit $113,000 and Ether Will Reach $3,028: Why a Bigger Upside for Bitcoin?

Citigroup just updated its crypto price targets, but the numbers reveal a striking gap between what it expects from Bitcoin versus Ether, even as Ether has been the stronger performer lately. The reason why comes down to how institutional money…

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On October 1, 2026, Citigroup (NYSE: C | C Price Prediction) raised its 12-month price forecasts for cryptocurrencies. Citi’s new Bitcoin price target of $113,000 (CRYPTO: BTC) is significantly higher than its $3,028 forecast for Ethereum (CRYPTO: ETH).

Bitcoin is currently priced around $85,975, indicating Citi expects a rise of about 31.4%. Meanwhile, Ether is trading near $2,730, with an expected increase of just 10.9%. Given that Ether has outperformed Bitcoin over the past 90 days, why does the same bank project a much smaller upside for the cryptocurrency that has been gaining traction?

Citi’s $5 Billion ETF Inflow Forecast Favors Bitcoin First

Earlier in July, Citi set its original targets at $82,000 for Bitcoin and $2,240 for Ether, assuming no net inflows into exchange-traded funds (ETFs). An ETF trades like a stock and holds cryptocurrency for its investors.