{
  "id": 11256436,
  "title": "Citigroup raises one year Bitcoin forecast to $113,000",
  "url": "https://urgent.news/2026/10/01/citigroup-raises-one-year-bitcoin-forecast-to-113-000",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T18:02:27.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/01/citigroup-one-year-bitcoin-forecast-113000/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "A new report from the investment bank says renewed investor demand could lift crypto prices.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}