Citi Puts Bitcoin Price Target on Rebound with New $113K Forecast
Citi has revised its Bitcoin (BTC) price target to $113,000 in 12 months, marking a sharp reversal from two earlier cuts this year. The firm expects around $5 billion of crypto ETF inflows over the next 12 months, driven by increasing allocations from advisers and brokerages. This move is seen as a key factor supporting the recent rally in Bitcoin and Ethereum (ETH), which have both gained nearly 40% and 68%, respectively, over the past three months.
The $113,000 target remains below Bitcoin's record high of above $126,000 set in October 2025. Citi's updated forecast is based on a more supportive macroeconomic backdrop, stronger crypto market activity, and a resumption of exchange-traded fund inflows. The firm has also acknowledged the setback to the Clarity Act, which aimed to establish a regulatory framework for digital assets, but believes it will not derail the broader regulatory outlook.
Citi's price target on Ethereum (ETH) was raised to $3,028 from $2,240, an increase of around 37%. The firm pointed to a weaker dollar and broader risk-asset momentum as factors supporting the recent crypto rally. However, Bitcoin retail sentiment remains in 'bearish' territory, with the apex cryptocurrency trading at around $83,600 at the time of writing.