Bitcoin Price Prediction: Citi Raises 12-Month Target to $113K, Ether to $3,028

Published by

Rizwan Ansari

October 1, 2026

Citi building with hands holding Bitcoin and Ethereum coins marked $113K and $3,028

Bitcoin price prediction has turned more bullish after Citigroup raised its 12-month Bitcoin target from $82,000 to $113,000. The bank also lifted its Ether target to $3,028 from $2,240, pointing to stronger crypto activity, improving macro conditions, and renewed ETF inflows.

Here’s why Citigroup raised this target.

Citigroup Raises Bitcoin Price Target to $113K

Citigroup has raised its 12-month Bitcoin target to $113,000 from $82,000, reversing the cautious outlook it adopted earlier this year. Citi had started 2026 with a $143,000 target before cutting it to $112,000 in March and then $82,000 in July.

Bitcoin is currently trading around $83,773. At this level, BTC would need to gain about 34.8% to reach Citi’s new $113,000 target.

The bank also noted that Bitcoin has rebounded nearly 43% over the past three months.

October could also give Bitcoin another push if historical trends repeat. Bitcoin’s historical October average return is around 14.4%.

Reasons Why Citigroup Raised This Target

A key part of Citi’s new outlook is ETF demand. The bank expects around $5 billion of crypto inflows over the next 12 months.

However, Citi does not expect another sudden buying wave. It expects inflows to return at a slower but steadier pace as financial advisers and brokerages gradually increase their Bitcoin allocations.

Citi also pointed to a softer dollar and the U.S. Treasury’s longer-dated bond buybacks as factors supporting the recent crypto recovery.

Citi also said the failed CLARITY Act vote narrowed the path toward a wider market-structure law, but later SEC rule announcements helped reduce negative sentiment.

Citi Push Ether Target Moves to $3,028

Citi also lifted its Ether price target to $3,028 from $2,240. With ETH trading around $2,700, the cryptocurrency needs roughly 12.1% growth to reach the new target.

Ether has gained nearly 68% over the past three months, although it remains down around 9% for the year.

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