Citigroup's Bold Bitcoin Forecast: $113,000 on $5 Billion Inflows

Citigroup (NYSE:C) has raised its Bitcoin (BTC) price target to $113,000, up from $82,000, citing improved market activity and new SEC rule proposals as factors. The target is based on relatively modest assumptions, including just $5 billion in new investments flowing into crypto funds over the year.

According to Citigroup analyst Alex Saunders, the bank'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.

Citi's Bitcoin price targets have fluctuated considerably this year, initially projected at $143,000, then lowered to $112,000, and falling to $82,000 on July 1. Just three months later, the target has bounced back to $113,000.