TechFlow News, March 17: According to a CoinDesk report, Citigroup released a research report lowering its 12-month price target for BTC from $143,000 to $112,000 and for ETH from $4,304 to $3,175, citing slower U.S. legislative progress, weak on-chain activity, and reduced expectations for ETF inflows.
Citigroup analyst Alex Saunders noted that ETF inflows remain the most important positive driver; however, the bank has revised its 12-month demand assumptions downward to $10 billion for BTC and $2.5 billion for ETH. The report also states that the probability of U.S. digital asset legislation passing this year has fallen to approximately 60%, with the legislative window continuing to narrow.
Regarding bullish and bearish scenarios, Citigroup’s optimistic case sets BTC’s target price at $165,000 and ETH’s at $4,488; its pessimistic case sets BTC’s target price at $58,000 and ETH’s at $1,198. The report further notes that ETH faces greater uncertainty, though growth in stablecoins, tokenization trends, and heightened regulatory attention toward DeFi could provide potential upside opportunities.
