Citigroup raises 12-month bitcoin (BTC) target to $113,000 as ETF inflows resume
Summary
Citigroup raised its 12-month bitcoin forecast from $82,000 to $113,000 and ether’s from $2,240 to $3,028, citing renewed ETF inflows and supportive macroeconomic conditions. It expects $5 billion in bitcoin ETF inflows over the next year as advisers and brokerages gradually increase allocations. After $5.8 billion in year-to-date outflows through July 13, U.S. spot bitcoin ETFs had recovered to $800 million in net inflows by late September. Citi said SEC rulemaking eased sentiment after the Senate failed to advance the Clarity Act, though future policy changes could reverse those gains. Bitcoin rose more than 10% by September’s end after the bill’s rejection, while U.S. Treasury bond buybacks also helped lift crypto markets.
