Citi Raises Bitcoin Forecast to $113,000 (+38%)

Market & Analysis· 4 d ago

By: Christison Roy · Oct 1, 2026, 10:15 UTC

Citi has raised its 12-month Bitcoin forecast by 38% to $113,000, up from its previous estimate of $82,000.

Drivers: ETF inflows and increased market activity

The bank attributed the revision to renewed inflows into ETFs, a favorable macroeconomic environment, and rising activity in the crypto market.

CLARITY Act fails in Senate, but SEC initiatives ease sentiment

The failure of the CLARITY Act in the Senate complicated the adoption of crypto market structure legislation, but subsequent SEC initiatives have partially eased negative sentiment.

ETH forecast raised to $3,028

The bank also raised its ETH forecast from $2,240 to $3,028.

In-Crypto data

Coin	Price	24h	Since publication	Open interest	Funding, APR	Liquidations 24h
Ethereum ETH	$2,714	−0.5%	+0.5%	$15.38B	+4.1%	$7.0M	order book
Bitcoin BTC	$85,840	−0.9%	+2.2%	$25.49B	+0.7%	$12.4M	order book

Funding by exchange · Open interest · Liquidations · Long/short

Data as of 06.10 00:57 UTC. Open interest and funding are aggregated across derivatives exchanges, liquidations — Bybit, OKX; updated every 5 minutes. Methodology.