Citigroup Sets $113K Price Target for Bitcoin Amid Strong Q3
Citigroup has emerged as an unlikely supporter of Bitcoin, setting a price target of $113,000.
The bank's analyst Alex Saunders upgraded the baseline Bitcoin price target from $82,000 to $113,000, citing increased activity, favorable macro conditions, and resumed inflows into ETFs.
This move comes as Bitcoin has posted its strongest quarter since 2024, outperforming gold and other assets despite rising US treasury yields and surging commodity prices.