Citi Doubles Down on Bitcoin Price Target to $113K Amid Crypto Recovery
Citigroup has raised its 12-month Bitcoin price target to $113,000 from $82,000, citing stronger crypto activity and renewed exchange-traded fund (ETF) inflows.
The bank expects roughly $5 billion of crypto investment inflows over the next year as advisers and brokerages gradually increase allocations to Bitcoin.
This forecast also lifts Ether's target to $3,028 from $2,240, reflecting a more constructive view of crypto demand, according to Citi.
The revised targets reflect a stronger market backdrop for digital assets, with major cryptocurrencies like Bitcoin and Ether having gained nearly 40% and 68%, respectively, over the past three months.
Citigroup also pointed to regulatory developments, Treasury bond purchases, and a softer dollar as factors supporting broader crypto momentum.