Citi Raises Bitcoin Forecast to $113,000, Ether to $3,028

Highlights:

• Citi raised its 12-month Bitcoin target to $113,000, and Ether forecast to $3,028 amid stronger crypto activity.
• The bank expects about $5 billion in additional crypto inflows over the next 12 months.
• Renewed ETF demand, better market conditions, and regulatory developments support Citi’s more positive crypto outlook.

Citigroup has raised its 12-month price targets for Bitcoin and Ether as stronger crypto market activity and renewed ETF inflows improve its outlook for digital assets. Citi now expects Bitcoin to reach $113,000, up from its previous target of $82,000. Its Ether forecast has also increased to $3,028 from $2,240.

Reuters reported the revised forecasts on October 1, citing a Citi research note dated September 30. The bank pointed to stronger crypto activity, supportive macroeconomic conditions and the return of exchange-traded fund inflows as key reasons behind the upgrades.

Citi Expects More Money to Enter the Crypto Market

Citi expects fresh money to keep entering the crypto market over the next year, although the pace could slow and become more consistent. According to the bank, financial advisers and brokerages are gradually increasing their Bitcoin allocations. Citi forecasts around $5 billion in additional crypto inflows during the next 12 months as this trend continues.

ETF flows remain an important part of the broader market because regulated funds give investors exposure to cryptocurrencies without requiring them to hold or manage the assets directly. Bitcoin and Ether have also recovered strongly in recent months. Reuters reported that Bitcoin gained nearly 40% over the past three months, while Ether climbed about 68%. Despite those gains, the two cryptocurrencies remained down roughly 4% and 9%, respectively, for the year.

Bitcoin has risen around 40% from its July lows. Citi linked part of that recovery to a softer U.S. dollar after the U.S. Treasury bought back longer-dated bonds, which helped restore momentum across crypto markets.

Citi Raises 12-Month Bitcoin Target to $113K, Ether to $3,028

Citigroup raised its 12-month price targets for Bitcoin and Ether, lifting Bitcoin to $113,000 from $82,000 and Ether to $3,028 from $2,240, according to Reuters. Citi cited accelerating crypto market activity, a… pic.twitter.com/fIOr1zYDJA

— Wu Blockchain (@WuBlockchain) October 1, 2026

US Crypto Regulation Remains in Focus

Regulation is also shaping Citi’s crypto outlook. Last week, the U.S. Senate failed to advance the CLARITY Act. The setback added some uncertainty around crypto regulation in the United States. However, Citi noted that later announcements from the Securities and Exchange Commission (SEC) helped improve market sentiment by giving investors clearer regulatory direction.

“The Clarity Act’s failure narrowed the path to a market-structure bill,” Citi said. However, the bank added that later SEC announcements helped ease some of the negative sentiment around the crypto sector.

Citi Lifts Bitcoin and Ether Forecasts as Market Conditions Improve

Citi’s latest upgrade also marks a sharp change from its outlook three months ago. In July, the bank cut its Bitcoin target to $82,000 from $112,000 and lowered its Ether forecast to $2,240 from $3,175 as ETF flows weakened and regulatory progress slowed. The latest targets show that Citi has become more positive again as crypto activity and investment flows recover.

Citigroup cuts its BTC target from $112K to $82K.

Reason: ETF inflow expectations dropped from $10B to $0 after June saw $4B+ in outflows.

ETH target lowered to $2,240.

Bear case:
BTC $53K
ETH $1,094#BTC #ETH #СТ #ETF pic.twitter.com/3CoQg6fECI

— CoinDataFlow (@CoinDataFlow) July 1, 2026

Even so, these remain price forecasts rather than guaranteed levels. Bitcoin and Ether will still depend on factors such as investor inflows, wider market conditions, regulation and institutional demand.

At the time of writing, Bitcoin is trading at around $83,931, down about 0.06% over the past 24 hours. Ethereum is trading near $2,704, down about 0.39% over the same period, according to CoinMarketCap.