Crypto01 October, 20262 min read
Citigroup Lifts Bitcoin Forecast To $113,000 As ETF Inflows Resume
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Citigroup raises 12-month bitcoin target to $113,000 from $82,000. Ether target increases to $3,028 from $2,240.
7 outlets told this the same way.
Citi targets $113,000
Citigroup raised its 12-month bitcoin forecast to $113,000 from $82,000 and lifted its ether target to $3,028 from $2,240, citing renewed exchange-traded fund inflows and favorable economic conditions.
Citigroup expects cryptocurrency investment products to attract $5 billion over the next year as advisers and brokerages gradually increase bitcoin allocations.
Citigroup linked its outlook to a policy backdrop in which the U.S. Senate failed to advance the Clarity Act, while subsequent SEC rule announcements helped dampen negative sentiment.
Citigroup also pointed to the U.S. Treasury’s move to buy back longer-dated bonds as a factor that revived momentum across crypto markets.
Citigroup said its note expected crypto inflows to resume at a slower but steadier pace as advisers and brokerages increase allocations to bitcoin.
ETF flows rebound
Citigroup said U.S. spot bitcoin ETFs had experienced year-to-date net outflows of $5.8 billion as of July 13, but that the trend reversed in the months since.
Citigroup reported that net inflows for 2026 reached $800 million as of late September, framing the shift as part of a broader improvement in the flow picture.
Citigroup said bitcoin gained more than 10% by the end of the month after the Senate rejected the Clarity Act on Sept. 15.
Citigroup also tied the market’s resilience to the Treasury’s buyback of longer-dated bonds, which helped bitcoin break out of a months-long slump of trailing other risk assets.
Citigroup described its targets as increases for BTC and ETH of around 35% and 12% respectively based on their current prices.
What it signals next
Citigroup’s revised outlook came as bitcoin and ether rallied nearly 40% and 68% over the past three months, narrowing their year-to-date losses to about 4% and 9%.
Citigroup said bitcoin has risen 40% since its July lows, and it attributed the momentum to a softer dollar following the U.S. Treasury’s move to buy back longer-dated bonds.
Citigroup framed the Clarity Act setback as narrowing the path to a market-structure bill while spurring SEC rule announcements that dampened negative sentiment.
Citigroup’s thesis emphasized gradual institutional participation, with advisers and brokerages increasing bitcoin allocations rather than a sudden one-time surge.
Citigroup’s $113,000 and $3,028 targets therefore rested on continued ETF inflows and a supportive macroeconomic backdrop as the next 12 months unfold.