Citigroup Sees Bitcoin Soaring to $113,000 on Modest Inflows

Citigroup has raised its Bitcoin price target to $113,000, a 31% increase from the current price. This prediction is based on a relatively modest assumption of just $5 billion in new investments flowing into crypto funds over the year.

The $5 billion in inflows refers to the amount of new money that investors are expected to place into funds that hold cryptocurrencies, including spot exchange-traded funds (ETFs). U.S. spot Bitcoin ETFs had an impressive week, collecting about $2.4 billion in inflows through September 25, marking their strongest performance since October 2025.

Citigroup's historical figures reveal how little the inflow forecast moves its target on its own. Earlier in 2026, the bank set a Bitcoin target of $112,000 while forecasting $10 billion in inflows. The slightly higher target of $113,000 suggests other factors may be driving Citigroup's predictions.