π¨ CITI JUST RAISED ITS
#BITCOIN PRICE TARGET TO $113,000 π
One of the world's largest banks just made a major upgrade to its Bitcoin outlook.
Citigroup raised its 12-month Bitcoin price target from $82,000 to $113,000 β a $31,000 increase in its forecast.
Bitcoin is trading around $84,000 today.
That means Citi's new base case implies roughly 34% upside from current prices. π
The bank pointed to three major factors behind the upgrade:
β
Renewed Bitcoin ETF inflows
β
Improving crypto market activity
β
A more supportive macro backdrop
β
$5B of projected investment-product inflows over the next year
β
Gradually increasing allocations from advisers and brokerages
In other words π Citi went from targeting a Bitcoin price BELOW today's level to forecasting Bitcoin above $100,000 over the next 12 months.
Bitcoin just finished its strongest quarter since Q4 2024 after gaining roughly 43%.
Now Citi is raising its target.
WALL STREET IS RAISING ITS BITCOIN EXPECTATIONS. π
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