Citigroup raises 12-month bitcoin target to $113,000 as ETF inflows resume
Citigroup has increased its 12-month price targets for Bitcoin and Ethereum, citing renewed inflows into crypto ETFs and positive regulatory sentiment. Despite past legislative setbacks, the bank remains optimistic about institutional adoption and market momentum.
Why it matters
Institutional financial forecasts significantly influence market sentiment and investor behavior in the volatile cryptocurrency sector.
Citi raised its 12-month forecast for bitcoin from $82,000 to $113,000 and for ether from $2,240 to $3,028, according the report, citing a Wednesday note.
The targets represent increases for BTC and ETH of around 35% and 12% respectively based on their current prices.
Citi expects slow but steady inflows into products like ETFs as advisers and brokerages favour gradual increases in bitcoin allocations, forecasting $5 billion of inflow over the next 12 months.
U.S. spot bitcoin ETFs had experienced year-to-date net outflows of $5.8 billion as of July 13. This has been reversed in the months since though, with net inflows for 2026 reaching $800 million as of late September.
Despite the U.S. Senate failing to advance the Clarity Act in the middle of last month, Citi says the U.S. Securities and Exchange Commission (SEC)’s subsequent rule announcements dampened negative sentiment.
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