Citi Raises Bitcoin Target to $113,000, Sees $181,000 Within 12 Months

Citi on October 1 raised its 12-month Bitcoin price forecast to $113,000 from $82,000, saying it expects the cryptocurrency to reach that level before 2027. The bank had predicted $143,000 in January but cut its target in July after the CLARITY Act stalled in the Senate, citing sustained ETF outflows, delayed U.S. regulation and a stagnant market. In its revised outlook, Citi said Bitcoin may rally in the fourth quarter and forecast crypto inflows of $5 billion over the next 12 months. It said Bitcoin could reach $181,000 within that period as institutional investors increase allocations.