Citi Boosts Bitcoin Price Target to $113,000 Amid Stronger Crypto Activity

Citi has raised its 12-month Bitcoin price forecast to $113,000, a $31,000 increase from its previous target of $82,000. This revised forecast reflects stronger crypto activity, a more supportive macro backdrop, and renewed ETF inflows.

The bank expects inflows to resume gradually as advisers and brokerages raise Bitcoin allocations, rather than surge at once. Citi's forecast includes $5 billion of crypto inflows over the next 12 months.

The increase is about 37.8% from Citi's previous forecast, and the revised target is based on a slower-but-steadier expectation of institutional participation rebuilding over time.