The bank’s latest assessment marks a significant pivot from its July outlook, which had slashed Bitcoin expectations to $82,000. Analysts at Citigroup now anticipate $5 billion in crypto inflows over the coming year as financial advisers and brokerages gradually expand their allocations. This shift follows a notable recovery in U.S. spot Bitcoin ETFs, which erased a $5.8 billion mid-July deficit to return to positive territory by late September.
In section Cryptocurrency
Citigroup Lifts Bitcoin Price Target to $113,000 Amid ETF Recovery
After a mid-year slump that forced repeated downward revisions, Citigroup has raised its 12-month Bitcoin forecast to $113,000 and its Ether target to $3,028, citing a resurgence in exchange-traded fund inflows and a more favorable macroeconomic environment driven by U.S. Treasury bond buybacks.
Market momentum has been further bolstered by Treasury debt operations, which Citi notes contributed to a softer dollar and revived risk appetite. While the Senate’s recent failure to advance the Digital Asset Market Clarity Act narrowed the path for immediate regulatory reform, the market largely shrugged off the setback. Bitcoin prices climbed more than 10% in the weeks following the September 15 vote, even as bond yields remained elevated. With Bitcoin currently trading near $84,000 and Ether near $2,700, the new targets represent a 35% and 12% upside, respectively, signaling a return to institutional confidence in digital assets.
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