Citigroup Raises Bitcoin Price Target to $113,000, Despite Modest Inflow Forecast

Citigroup, a leading financial institution, has increased its Bitcoin price target to $113,000, up from $82,000. This prediction is based on modest assumptions, including just $5 billion in new investments flowing into crypto funds over the year. Analyst Alex Saunders attributed the revision to improved market activity, new SEC rule proposals, and the U.S. Treasury repurchasing longer-dated bonds. However, the bank's track record in 2026 reveals how quickly forecasts can collapse.

Citigroup's $5 billion inflow forecast seems relatively attainable, given the recent performance of U.S. spot Bitcoin ETFs, which collected about $2.4 billion in inflows through September 25. This marked their strongest performance since October 2025, and nearly half of the total amount Citi expects for the entire year. The bank's historical figures also show that the inflow forecast has little impact on its target, suggesting other factors are driving Citi's predictions.

One challenge to consider is the current 10-year Treasury yield, which stood at 5.17% as of September 25. This yield represents the return that the U.S. government offers for lending money over a decade, and investors may prefer safer returns from Treasury bonds. Additionally, the political landscape may change by the 2028 elections, potentially altering SEC regulations and affecting Citi's forecasts.