Citi says Galaxy Digital stands to gain as crypto rebounds

Citi thinks Galaxy Digital is well placed to benefit from the latest crypto rebound. The bank points to two tailwinds: recovering prices and a regulatory picture that has become a bit less foggy. Citi turns bullish on the underlying assets On September 30, 2026, Citi raised its 12-month Bitcoin price target to $113,000. Its previous target was $82,000. Ether got the same treatment. Citi now sees ETH reaching $3,028, up from an earlier target of $2,240. The revisions follow a strong run. Over the prior three months, Bitcoin gained approximately 40% and Ether appreciated about 68%. That marks a sharp turn from July 2026, when Citi downgraded its outlook amid stagnant flows. Fund flows were a big part of the reasoning. US spot crypto ETFs pulled in around $800 million in net inflows by late September, after posting outflows earlier in the year. Citi also projects that inflows from advisors and brokerages could reach about $5 billion over the next 12 months. That forecast is the core of the Galaxy argument. For context on prices, Bitcoin traded near $84,000 in early October 2026. Ether moved in a range of roughly $2,680 to $2,750. Why Galaxy is in the frame Galaxy Digital runs several ...