Bitcoin · Ethereum · Bitcoin ETF · Fortune Technology
Citigroup raises one-year Bitcoin forecast to $113,000
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Following a long-term slump, Bitcoin has been on a roll in recent weeks—a trend that is likely to continue, according to Citigroup, which on Thursday raised its 12-month Bitcoin price target to $113,000 from $82,000.
Key facts
- Bitcoin fell from a high of $124,000 in October 2025 to a low of $58,000 in June
- Following a long-term slump, Bitcoin has been on a roll in recent weeks—a trend that is likely to continue, according to Citigroup, which on Thursday raised its 12-month Bitcoin price target
- Ethereum is also poised for gains, with Citigroup marking up its future target for the second-largest cryptocurrency’s price from $2,240 to $3,028
- In May and June, spot Bitcoin ETFs recorded nearly $7 billion in outflows, according to data from analytics platform SoSoValue
Summary
Ethereum is also poised for gains, with Citigroup marking up its future target for the second-largest cryptocurrency’s price from $2,240 to $3,028. The investment bank forecasted that demand for crypto-backed exchange-traded funds would fuel the price surge, with inflows reaching $5 billion over the next year. The new targets come after a year of stagnant or declining prices. Citigroup noted that the recent reversal in ETF flows will contribute to Bitcoin’s price surge.