Bitcoin to $113,000? Citi Turns Bullish as Bitwise Shrugs Off CLARITY Failure

Citigroup (NYSE:C) on Thursday raised its 12-month Bitcoin (CRYPTO: BTC) target to $113,000 as Bitwise argues crypto actually won by losing the CLARITY Act.

Why Citi Turned More Bullish

Citi analysts noted that they raised their 12-month Bitcoin forecast from $82,000 to $113,000, implying roughly 35% upside from current levels. 

The bank also lifted its Ethereum (CRYPTO: ETH) target from $2,240 to $3,028, about 12% above current prices.

Citi expects “slower but stickier” ETF inflows going forward, forecasting $5 billion over the next 12 months as advisers and brokerages gradually increase Bitcoin allocations. 

U.S. spot Bitcoin ETFs had bled $5.8 billion in net outflows by July 13, but that trend reversed sharply, with 2026 inflows reaching $800 million by late September.

On the CLARITY Act’s Senate defeat, Citi called the SEC’s subsequent rule announcements “a temporary but meaningful positive” that softened the blow. 

“At this stage of the electoral cycle, rulemaking clarity may substitute for a durable CLARITY Act,” the bank wrote, though it flagged risk that a 2028 administration change could roll back those agency rules, a concern it said sits outside its current forecast window. 

The firm also pointed to the Treasury’s bond buyback program as a catalyst that revived momentum across crypto broadly.