Citi Bitcoin Forecast Raises 12-Month Target to $113,000

Citi has lifted its 12-month price target for Bitcoin to $113,000 from $82,000, a revision dated October 1 that marks one of the bank’s more notable upward adjustments to its crypto outlook this year. The updated Citi Bitcoin forecast reflects stronger crypto market activity, a friendlier macro backdrop, and the expectation that institutional money will keep trickling back into digital assets, though not in one sudden wave.

Key takeaways

• On October 1, Citi lifted its 12-month Bitcoin price target from $82,000 to $113,000, marking a rise of about 37.8%.
• The bank expects $5 billion of crypto inflows over the next 12 months, arriving gradually rather than all at once.
• Citi also raised its Ether target to $3,028 from $2,240.
• Although the digital-asset sector took a hit when the Senate failed to move the Clarity Act forward, announcements of SEC rules helped ease the negative impact on sentiment.
• Over the three months ending October 1, Bitcoin gained nearly 40%, bringing its year-to-date decline down to roughly 4%.

Citi Raises Bitcoin and Ether Price Forecasts

The new Citi Bitcoin forecast represents a $31,000 jump from the bank’s previous call, and it changes how Citi frames Bitcoin’s potential over the coming year. Rather than pointing to an imminent rally, the bank is betting on a slower rebuild of institutional demand that eventually pushes the price higher.