Citi raises its 12-month Bitcoin target to $113,000 from $82,000, implying about 35% upside as the bank expects $5 billion in crypto inflows.
Citi has upgraded its 12-month Bitcoin forecast to $113,000, lifting its previous $82,000 target by nearly 38%. With BTC trading around $83,900, reaching the bank’s new estimate would require an advance of roughly 35%.
CITI RAISES BITCOIN TARGET TO $113,000
Citi has raised its 12-month Bitcoin target to $113,000 from $82,000, implying roughly 35% upside from current levels near $83,900.
The bank points to renewed currency-debasement fears, greater regulatory clarity and continued adoption of…
— *Walter Bloomberg (@DeItaone) October 1, 2026
The revised outlook comes after Bitcoin recovered strongly from its July lows. Reuters reports that BTC has gained about 40% over the past three months, reducing its year-to-date decline to around 4%.
Bitcoin currently trades near $83,900, with a market cap of approximately $1.68 trillion. The asset remains about 33% below its October 2025 record of $126,198.
Citi Now Expects $5B in Crypto Inflows
A return of investment flows is one of the main changes behind Citi’s higher target.
The bank now models around $5 billion of crypto inflows during the coming 12 months. Rather than expecting another sudden wave of large institutional allocations, Citi sees demand building more gradually as advisers and brokerage platforms increase client exposure to Bitcoin.
This provides a different demand profile from the rapid institutional inflows seen during earlier phases of the spot Bitcoin ETF market.
Citi also pointed to stronger crypto-market activity and a more supportive macro backdrop when raising its Bitcoin forecast. The bank simultaneously increased its 12-month Ether target from $2,240 to $3,028.
Regulatory Developments Also Support Citi’s New Outlook
U.S. regulation forms another part of Citi’s updated view.
The Senate recently failed to advance the CLARITY Act, reducing the immediate prospects for comprehensive crypto market-structure legislation. However, Citi noted that subsequent SEC rule announcements helped ease some of the negative reaction surrounding the failed vote.
Bitcoin has also benefited from renewed concerns over currency debasement and a weaker dollar, alongside the return of ETF demand.
Bitcoin Needs Another $29,000 to Reach Target
From approximately $83,900, Bitcoin would need to add about $29,100, or 34.7%, to reach $113,000.
Even then, BTC would remain roughly 10.5% below its $126,198 all-time high.
The forecast marks a substantial upgrade from Citi’s previous $82,000 estimate, but it remains a 12-month scenario rather than a fixed outcome. The bank’s revised case depends partly on continued investment flows and the broader market environment remaining supportive.