Fitting distances to tree metrics and ultrametrics are two widely used methods in hierarchical clustering, primarily explored within the context of numerical taxonomy. Given a positive distance function $D:\binom{V}{2}\rightarrow\mathbb{R}_{>0}$, the goal is to find a tree (or ultrametric) $T$ including all elements of set $V$ such that the difference between the distances among vertices in $T$ and those specified by $D$ is minimized. In this paper, we initiate the study of ultrametric and tree metric fitting problems in the semi-streaming model, where the distances between pairs of elements from $V$ (with $|V|=n$), defined by the function $D$, can arrive in an arbitrary order. We study these problems under various distance norms: For the $\ell_0$ objective, we provide a single-pass polynomial-time $\tilde{O}(n)$-space $O(1)$ approximation algorithm for ultrametrics and prove that no single-pass exact algorithm exists, even with exponential time. Next, we show that the algorithm for $\ell_0$ implies an $O(Δ/δ)$ approximation for the $\ell_1$ objective, where $Δ$ is the maximum and $δ$ is the minimum absolute difference between distances in the input. This bound matches the best-known approximation for the RAM model using a combinatorial algorithm when $Δ/δ=O(n)$. For the $\ell_\infty$ objective, we provide a complete characterization of the ultrametric fitting problem. We present a single-pass polynomial-time $\tilde{O}(n)$-space 2-approximation algorithm and show that no better than 2-approximation is possible, even with exponential time. We also show that, with an additional pass, it is possible to achieve a polynomial-time exact algorithm for ultrametrics. Finally, we extend the results for all these objectives to tree metrics by using only one additional pass through the stream and without asymptotically increasing the approximation factor.