Citigroup Boosts Bitcoin Price Target to $113K on Resumed ETF Inflows

Citigroup has raised its 12-month Bitcoin price target to $113,000 from $82,000. This move reflects stronger crypto activity, a softer dollar, and resumed ETF inflows of roughly $5 billion expected over the next year.

The bank also lifted its Ether target to $3,028 from $2,240. With BTC trading near $83,773, it would need to gain about 34.8% to reach Citi's new price target.

Citigroup expects ETF demand to support the recent crypto recovery. However, it does not anticipate another sudden buying wave, expecting inflows to return at a slower but steadier pace as financial advisers and brokerages gradually increase their Bitcoin allocations.