Citi Raises Bitcoin Target to $113,000 as Crypto Outlook Improves

Citigroup has raised its 12-month Bitcoin price target to $113,000, marking a significant bullish revision as improving market conditions and renewed institutional demand strengthen the outlook for cryptocurrencies.

The Wall Street banking giant previously projected Bitcoin would reach about $82,000. With BTC currently trading near $84,000, Citi’s updated forecast implies potential upside of roughly 35% over the next year.

Citi also increased its 12-month Ethereum price target to $3,028 from $2,240, according to Reuters. The revisions reflect stronger cryptocurrency market activity, a more favorable macroeconomic environment and expectations for renewed inflows into crypto exchange-traded funds.

The bank had lowered its Bitcoin forecast in July, cutting its target from $112,000 to $82,000 after ETF flows turned negative. At the time, Citi also reduced its estimate for net Bitcoin ETF inflows over the following 12 months from $10 billion to zero.

That outlook has now improved. Citi expects approximately $5 billion in net inflows over the next year as financial advisors and brokerages show renewed interest in Bitcoin. The bank anticipates ETF demand will recover at a gradual but consistent pace.

The upgraded forecasts follow strong gains across the cryptocurrency market. According to Citi, Bitcoin has climbed roughly 40% over the past three months, while Ether has surged about 68%.

Regulatory uncertainty remains a potential obstacle. The U.S. Senate failed last week to advance the closely watched CLARITY Act, reducing expectations that lawmakers will establish a comprehensive cryptocurrency regulatory framework in the near term.

However, Citi said the impact of the legislative setback has been partly offset by regulatory announcements from the U.S. Securities and Exchange Commission.

Bitcoin has also maintained its position above the important $82,000 level despite uncertainty surrounding the CLARITY Act, signaling resilience as investors monitor ETF flows, macroeconomic conditions and U.S. crypto regulation for the market’s next major move.