Citi Raises Bitcoin Target to $113K Amid Renewed Institutional Demand

Citigroup has raised its 12-month target for Bitcoin to $113,000 from $82,000. The bank cites stronger crypto activity, a supportive macroeconomic backdrop, and renewed exchange-traded fund inflows as justification for the increase.

The revised forecast also lifts Ether's target to $3,028 from $2,240. This places Bitcoin back at the center of Citigroup's institutional outlook after a volatile year for digital assets.

Citigroup expects investment flows into crypto products to resume at a slower but more durable pace as advisers and brokerages gradually increase allocations to Bitcoin.