Bitcoin price prediction has turned more bullish after Citigroup raised its 12-month Bitcoin target from $82,000 to $113,000. The bank also lifted its Ether target to $3,028 from $2,240, pointing to stronger crypto activity, improving macro conditions, and renewed ETF inflows.
Here’s why Citigroup raised this target.
Citigroup Raises Bitcoin Price Target to $113K
Citigroup has raised its 12-month Bitcoin target to $113,000 from $82,000, reversing the cautious outlook it adopted earlier this year. Citi had started 2026 with a $143,000 target before cutting it to $112,000 in March and then $82,000 in July.
Bitcoin is currently trading around $83,773. At this level, BTC would need to gain about 34.8% to reach Citi’s new $113,000 target.
The bank also noted that Bitcoin has rebounded nearly 43% over the past three months.
October could also give Bitcoin another push if historical trends repeat. Bitcoin’s historical October average return is around 14.4%.
Reasons Why Citigroup Raised This Target
A key part of Citi’s new outlook is ETF demand. The bank expects around $5 billion of crypto inflows over the next 12 months.
However, Citi does not expect another sudden buying wave. It expects inflows to return at a slower but steadier pace as financial advisers and brokerages gradually increase their Bitcoin allocations.
Citi also pointed to a softer dollar and the U.S. Treasury’s longer-dated bond buybacks as factors supporting the recent crypto recovery.
Citi also said the failed CLARITY Act vote narrowed the path toward a wider market-structure law, but later SEC rule announcements helped reduce negative sentiment.
Citi Push Ether Target Moves to $3,028
Citi also lifted its Ether price target to $3,028 from $2,240. With ETH trading around $2,700, the cryptocurrency needs roughly 12.1% growth to reach the new target.
Ether has gained nearly 68% over the past three months, although it remains down around 9% for the year.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
Be the first to comment