Citi Boosts Bitcoin Target to $113k Amid Altcoin Warning Signs

Citigroup has doubled its Bitcoin price target to $113,000, citing stronger market activity, a supportive macro backdrop, and return of ETF inflows. Analyst Alex Saunders built this revised target on three pillars: market activity, macro environment, and ETF flows. The bank now expects $5 billion in crypto investment product inflows over the next 12 months, compared to its previous assumption of flat net buying.

The flow data supports this expectation, with U.S. spot Bitcoin ETFs pulling in $2.39 billion during the week ending September 25, the largest weekly inflow since October 2025. Meanwhile, Gareth Soloway, chief market strategist at VerifiedInvesting.com, is warning that altcoins could lose 30-50% of their value if Bitcoin dominance continues to climb.

Soloway's argument hinges on Bitcoin dominance breaking above a long-running downward trend line and then retesting it. If this pattern holds, the math gets ugly fast, with a 10% Bitcoin decline potentially pushing altcoins down by 30-40%. A deeper correction could result in a 50% altcoin wipeout.