Citigroup raises one year Bitcoin forecast to $113,000

CitiGroup, the investment bank, has revised its forecast for Bitcoin, anticipating a price of $113,000 within the next year, up from its previous estimate of $82,000. This upward revision is attributed to renewed interest in cryptocurrencies and improved market sentiment, as well as favorable factors such as the U.S. Treasury Department's bond-buyback program and a weakening U.S. dollar.

This renewed optimism extends to Ethereum, with Citigroup raising its price target for the cryptocurrency from $2,240 to $3,028. The bank's forecast for crypto-backed exchange-traded funds is also expected to contribute to the price surge, with inflows projected to reach $5 billion over the coming year. These developments follow a year of stagnant or declining prices for Bitcoin, which dropped from a high of $124,000 in October 2025 to a low of $58,000 in June.

However, Bitcoin's fortunes began to change in mid-August, following the Treasury Department's bond-buyback announcement, which led to a price jump. By September, Bitcoin had reached $80,000 for the first time in four months. The recent reversal in ETF flows for Bitcoin is also expected to play a role in the price surge.