Citi Doubles Down on Bitcoin Target to $113K Amid ETF Frenzy

Citi has updated its Bitcoin target to $113,000 over twelve months. This revised estimate comes after a recent surge in demand for ETFs.

According to Citi's latest report, stronger crypto activity and returning ETF inflows have contributed to the bank's optimistic outlook. The firm expects investors to gradually increase their allocations to Bitcoin, which could lead to further price appreciation.

While Citi's target is higher than its previous estimate of $82,000, it still lags behind other major institutions' projections. For example, Bernstein has a base case of $125,000 by the end of 2026 and a more ambitious target of $150,000 by mid-2027.