March 17 (Reuters) – Citigroup cut its 12-month forecast for bitcoin and ethereum, citing slow U.S. legislative progress that narrows the window for regulatory ‌catalysts expected to boost ETF-driven demand and broader institutional adoption.

Progress on ‌U.S. crypto market-structure legislation has stalled in the Senate, with the Clarity Act’s chances of passage declining ​over disagreements on stablecoin rules and a shrinking window for approval in 2026.

The Wall Street brokerage lowered its 12-month bitcoin price forecast to $112,000 from $143,000 and its ethereum estimate to $3,175 from $4,304.

“Regulatory catalysts will drive further adoption and flows but the window of ‌opportunity for U.S. legislation this…