Global investment bank Citigroup has raised its 12-month target price for bitcoin from $82,000 to $113,000, according to a report published by blockchaintoday.co.kr citing CoinPedia. The upward revision represents a 37.8% increase, leaving about 35% upside remaining based on bitcoin trading near the price at the time of the report.
Citigroup Revises Bitcoin Targets Amid Rebound
The revised forecast reflects shifting market momentum through 2026. Citigroup’s research center initially targeted $143,000 at the start of the year before lowering the projection to $112,000 in March and $82,000 in July as outflows persisted. A 43% rebound over the preceding three months and seasonal strength during October prompted the bank to return its 12-month outlook to the $110,000 range, blockchaintoday.co.kr reported.
The bank noted that speculative short-term inflows will likely remain constrained, pointing instead to traditional independent investment advisors and global securities platforms gradually adding 1% to 2% bitcoin allocations into model portfolios.
Debt buybacks and SEC reforms support risk assets
Favorable macroeconomic conditions support the bank’s outlook. The U.S. Treasury’s ongoing long-term debt buyback program and a weakening U.S. dollar index resulting from looser monetary policy are creating a supportive liquidity environment for risk assets, according to blockchaintoday.co.kr.
Regulatory developments present a mixed picture. While the proposed Clarity Act failed to secure a congressional vote and weakened short-term legislative momentum, the U.S. Securities and Exchange Commission advanced practical reforms, including modernized custody rules allowing investment advisors self-custody options that help absorb policy uncertainty.
Ethereum Price Target Raised to $3,028
Citigroup also lifted its 12-month target price for Ethereum from $2,240 to $3,028, representing a 35% increase. With Ethereum trading near $2,700, the target leaves roughly 12.1% upside potential.
Cobak noted that Ethereum rallied roughly 68% over the prior three months due to rising decentralized finance activity on its mainnet. However, because the token remains down about 9% since the beginning of the year, Citigroup projects a more gradual recovery path compared to bitcoin.
Why did Citigroup lower its bitcoin target?
Why did Citigroup lower its bitcoin target earlier in the year?
Citigroup reduced its target to $112,000 in March and $82,000 in July from an initial $143,000 due to persistent market contraction and capital outflows.
What regulatory change did the SEC introduce to address market uncertainty?
The U.S. Securities and Exchange Commission issued modernized custody rules permitting investment advisors to utilize self-custody options, offsetting the legislative stall of the Clarity Act.
How much has Ethereum risen over the past three months?
Ethereum surged by approximately 68% over the three months preceding the report, driven by mainnet decentralized finance activity and network recovery, as reported by Cobak.
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