The brokerage raised its target for bitcoin from $82,000 to $113,000, and its forecast for ether from $2,240 to $3,028, Reuters reported Thursday (Oct. 1), citing a note from Citi.
That note said the bank anticipates that crypto inflows will resume at a slower but steadier rate as advisers and brokerages gradually up their allocations to bitcoin. Citi is also projecting $5 billion of inflows over the next 12 months.
Reuters noted that this comes on the heels of the U.S. Senate’s failure to advance The Clarity Act, which was designed to establish a digital asset framework.
“The Clarity Act’s failure narrowed the path to a market-structure bill, yet spurred Securities and Exchange Commission rule announcements that dampened negative sentiment,” Citi said.
We’d love to be your preferred source for news.
Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!
Both bitcoin and ether—the most popular and second-most popular cryptocurrencies, respectively—have rallied in the last three months, with bitcoin up 40% and ether 68%, the report added.
PYMNTS wrote earlier this week that the fate of The Clarity Act has “left unresolved questions about regulatory jurisdiction and the durability of rules developed without new congressional authorization.
While the legislation “remains procedurally capable of reconsideration…its immediate legislative path has stalled,” the report said, and the crypto sector “has begun to lay out a new path.”
On Sept. 24, the Federal Reserve proposed two sets of rules that implement the GENIUS Act, passed into law last year.
They deal with permissible stablecoin reserve assets, capital requirements, risk management, custody arrangements and the approval process for supervised banks that want to issue payment stablecoins, all issues The Clarity Act was designed to answer.
“The Wallet Effect: How Credit Unions Can Close the Digital Currency Access Gap,” a June 2026 Credit Union Tracker from PYMNTS Intelligence and Velera, found increasing interest in digital currency among younger consumers, though less of a grasp on how different digital assets work.
As covered here, the proposals also bring stablecoins into the familiar bank strategy discussion about charter and regulator choices, with different regulators governing different types of banks.
“These measures do not replace comprehensive legislation,” the report added. “They do, however, establish practical regulatory pathways while the larger jurisdictional debate remains unresolved.”
Add as Preferred Source
