Citigroup cuts Bitcoin 12-month target to $112K, Ethereum to $3,175 as CLARITY Act stalls
Citigroup reduced its 12-month price target for Bitcoin to $112K from $143K and for Ethereum to $3,175 from $4,304, citing the CLARITY Act's blockage in the US Senate and lower ETF inflow assumptions of $10B for BTC and $2.5B for ETH. The bank noted Polymarket odds for CLARITY Act passage by 2026 fell to 56%, while maintaining a broadly bullish base case. Citi's bull scenario values Bitcoin at $165K and Ethereum at $4,488, with a bear case of $58K for BTC and $1,198 for ETH. With Bitcoin trading around $74K, the revised target implies a 51% upside from current levels.