Bitcoin price target: Why Citi raised its BTC USD forecast to $113,000 from $82,000 as the cryptocurrency rebounds

Bitcoin (BTC USD) price target: Bitcoin has climbed back above $80,000 after a difficult stretch earlier this year, and Citigroup has raised its 12-month price target for the cryptocurrency to $113,000.

Citi previously had a target of $82,000. The bank’s latest forecast comes as crypto activity has strengthened, ETF inflows have resumed and market conditions have become more favorable, according to Fortune. Citi also expects $5 billion in crypto investment product inflows over the next 12 months as advisers and brokerages gradually increase their allocations, Bitcoin.com reported.

Citi Raises Bitcoin (BTC USD) Price Target From $82,000 to $113,000

Citigroup has increased its 12-month Bitcoin price target by $31,000, taking it from $82,000 to $113,000.


Fortune reported that Citi’s higher forecast reflects renewed interest in cryptocurrencies and more favorable market sentiment. The bank also raised its 12-month target for Ether from $2,240 to $3,028.

Bitcoin.com reported that Citi’s revised outlook takes into account stronger crypto activity, economic conditions and its new expectation for crypto investment product inflows.

Citi Expects $5 Billion in Crypto Inflows Over the Next Year

A key part of Citi’s new Bitcoin outlook is its expectation for $5 billion in crypto investment product inflows over the next 12 months.

Bitcoin.com reported that the forecast replaces Citi’s previous assumption of no net buying.

The bank expects advisers and brokerages to gradually increase their allocations to crypto investment products. That expectation comes as demand for spot Bitcoin ETFs has already started to recover.

Bitcoin ETF Outflows Began to Reverse

The U.S. spot Bitcoin ETF market went through a difficult period earlier this year.

According to Fortune, spot Bitcoin ETFs recorded nearly $7 billion in outflows during May and June. The trend began to reverse in July, while September brought more than $2 billion in inflows.

Bitcoin.com reported that U.S. Bitcoin funds attracted $2.39 billion in net inflows during the week ending September 25. That was their strongest week since October 2025. The report also said Bitcoin ETFs recorded $66.19 million in net inflows on September 29 before ending the month with $148.7 million in net withdrawals on September 30.

Bitcoin Fell to $58,000 Before Recovering

Citi’s revised forecast follows a significant move in Bitcoin’s price this year. Fortune reported that Bitcoin fell from a high of $124,000 in October 2025 to a low of $58,000 in June 2026. The cryptocurrency began recovering in mid-August. By September, Bitcoin had crossed $80,000 for the first time in four months, according to Fortune.

Bitcoin.com reported that Bitcoin had gained nearly 40% over the previous three months while remaining down about 3% for the year.

Treasury Bond Buybacks and a Weaker Dollar Feature in Citi’s Outlook

Citi’s revised Bitcoin forecast also takes into account developments in the broader financial market.

Fortune reported that the U.S. Treasury’s decision to buy back longer-dated bonds and a weakening U.S. dollar were among the factors cited in the bank’s outlook for digital assets.

The Treasury’s bond-buyback announcement contributed to a weaker dollar, according to Fortune. The publication noted that a weaker dollar has historically made investors more willing to take risks, including in speculative assets such as cryptocurrencies.

Citi Also Points to U.S. Crypto Regulation

The regulatory environment is another part of Citi’s latest outlook.

The Clarity Act, which would have established broad rules for the crypto market, failed to advance in the Senate in mid-September, according to Fortune.

Bitcoin held up better than some expected after the setback. The Securities and Exchange Commission subsequently moved to use its existing powers to write rules for the industry during the remainder of the current administration. Fortune reported that Citi said these developments helped ease investor concerns.

Citi’s $113,000 Bitcoin Target Comes as ETF Demand Returns

Citi’s new $113,000 target is $31,000 above its previous forecast of $82,000.

The revised outlook comes as Bitcoin has recovered from its June low, spot Bitcoin ETF inflows have returned after heavy outflows earlier in the year, and Citi now expects $5 billion in crypto investment product inflows over the next 12 months.

The bank expects advisers and brokerages to gradually increase their allocations to crypto investment products.