Bitcoin Price Rebounds to $86K Ahead of Jobs Report
The price of Bitcoin rebounded to around $86,200 on Friday, ahead of the September nonfarm payrolls report. This move comes after Treasury yields pulled back, giving risk assets some relief. The recent pullback in yields has given room for recovery among risk assets.
Large-cap crypto-linked stocks such as Michael Saylor-backed Strategy (MSTR), Coinbase (COIN), and USDC stablecoin issuer Circle's parent company CRCL gained ground on Friday. MSTR stock rose around 3% in pre-market trade, while COIN rose about 2.88%. Shares of Tom Lee-backed Bitmine Immersion Technologies (BMNR) also gained.
Citi raised its price target for Bitcoin to $113,000 from $82,000 and lifted its Ethereum target to $3,028 from $2,240. The firm cited stronger crypto activity, improving macro conditions, and renewed ETF inflows as reasons for the higher targets. Citi also pointed to a weaker dollar and Treasury buybacks as potential sources of support for digital assets.
Bitcoin has historically posted some of its strongest quarterly gains in the fourth quarter (Q4), but the record is far from consistent. Of the 12 completed fourth quarters from 2014 through 2025, Bitcoin's broader crypto market benchmark finished higher in seven and lower in five.