BTC/USD: Bitcoin Prices Top $120,000 After Surprise Bullish Targets from a Wall Street Giant
Ethereum also pressed higher after the Wall Street bank slapped the token with a target that’s above the record high and 20% away from current prices. 💰 Citi Goes Bold on BitcoinBitcoin ripped past $120,000 on Friday after Wall Street giant Citi lit a fire under the crypto with a fresh note slapping a 12-month price target of $181,000. That’s 50% above current market prices. Analyst Alex Saunders wrote the bank remains “more positive on Bitcoin compared to Ether” because the orange coin is still capturing the bulk of new institutional flows. There was a small caveat: Citi trimmed its year-end Bitcoin price target to $133,000 from $135,000, pointing to a stronger dollar and softer gold prices taking a bit of shine off the immediate setup. 💡 Ethereum Gets Its Own Glow-UpEther wasn’t left behind. Citi bumped its year-end target to $4,500 from $4,300, and a 12-month stretch goal of $5,440. That’s more than 20% above current prices and higher than the August record of . Citi said the driver for Ether could be flows sparked by stablecoin regulation, growing tokenization, and demand for DATs (Decentralized Autonomous Trusts). The second-largest coin is ticking higher in sync with its bigger peer, extending its rebound after a brutal September. Ether is up nearly 20% from last Friday’s lows near $3,800 a pop. 📈 Market Reaction and Levels to WatchBack to the OG character. Bitcoin’s jump puts it up 12% from last week’s $108,000 lows and within 4% of its set mid-August. Immediate resistance sits there — a breakout could open the door to Citi’s 2026 roadmap. Ethereum also pressed higher Friday morning, now moving closer to reclaiming $4,500. A decisive break above would line up Citi’s bullish call with technical momentum. What’s the play right now? Traders are weighing whether Wall Street’s moonshot targets spark more institutional inflows or if this is just another “bank note pump” that fizzles out once the headlines fade.