Citi turns bullish on Bitcoin again with a $113,000 price target
Citigroup raised its 12-month Bitcoin price target to $113,000 from $82,000, citing macro and regulatory factors. The bank also increased its Ether target to $3,028 and forecasted $5 billion in crypto inflows over the next year. Bitcoin traded around $84,000 as of October 1, 2026.
How this was made
The 30-second read
Why it matters
The upgrades signal a shift from a bearish to bullish stance, potentially prompting increased buying pressure in crypto markets.
Market read
Analyst target upgrades for major cryptocurrencies can move market sentiment and influence short‑term price action.
What to watch
Potential slowdown in ETF inflows or future regulatory setbacks could limit the projected $5 bn inflows.
Background
Citi’s research team revised its 12‑month price targets for Bitcoin and Ether, citing macro‑debasement concerns, Treasury bond buybacks, and expected advisor inflows.
Ticker impact
Citi raised its 12‑month Bitcoin price target to $113,000, up from $82,000.
likely upward pressure as traders price in the higher target
Citi is a major US bank; its target revision is new and may shift market expectations.
Market effects
The upgrade may boost sentiment across the broader crypto sector and related ETFs.
U.S. investors and advisors may increase crypto allocations, influencing domestic crypto markets.
Citi’s outlook is watched globally; could affect crypto pricing worldwide.
Counterpoint
Some traders may view the target as overly optimistic given recent volatility and regulatory uncertainty.
Key entities
- financial_institutionCiti
U.S. bank providing the price target upgrades.
