Citi Boosts Bitcoin Price Forecast to $113K Amid Soaring Crypto Activity

Citi has revised its Bitcoin price forecast to $113,000 from $82,000, a $31,000 increase that reflects stronger crypto activity and a more supportive macro backdrop. The bank expects inflows to resume gradually as advisers and brokerages raise Bitcoin allocations.

The slower-but-steadier expectation points to a base case in which institutional participation rebuilds over time. Citi's forecast includes $5 billion of crypto inflows over the next 12 months, with the revised target changing the bank's stated view of Bitcoin's 12-month potential.

Bitcoin rose nearly 40% over the three months through October 1, narrowing its year-to-date loss to about 4%. The recovery improves the momentum backdrop but does not guarantee the next leg up. A rally already recorded is not evidence that the next leg is assured.