October 13th 2026, 11:00 AM
Citi sees Galaxy Digital poised to gain from crypto rebound
Key Summary
Citi has raised its 12-month Bitcoin price target to $113,000 and expects Ether to reach $3,028, citing a regulatory environment that has improved slightly and strong inflows into crypto ETFs. Galaxy Digital is well-placed to benefit from these tailwinds, according to Citi.
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Citi's Crypto Outlook
Citi has turned bullish on the underlying assets, raising its 12-month Bitcoin price target to $113,000 and its Ether price target to $3,028.Regulatory Environment
The regulatory environment has improved slightly, with announcements from the SEC and CFTC helping to offset some of the disappointment over the stalled Clarity Act.Inflows into Crypto ETFs
US spot crypto ETFs pulled in around $800 million in net inflows by late September, after posting outflows earlier in the year.Galaxy Digital's Position
Galaxy Digital runs several businesses, including trading, asset management, and infrastructure. Citi expects the projected inflows to have a meaningful positive effect on these revenue lines.Citi's Rating
Citi lowered its price target on GLXY to $26 from $28 in August 2026 and kept a Neutral rating. The bank made no specific upgrade to Galaxy's rating in its October 2026 crypto note.#Bitcoin#Crypto#US#GalaxyDigital