Citi Turns More Bullish on Bitcoin and Strategy: Here Are the New Targets

The banking behemoth has increased both targets after the latest price developments. Citi has had a change of heart in terms of price prediction for BTC and Strategy following the broader market’s recovery that began in mid-August. The banking giant now sees BTC exploding past $113,000 over the next year and has almost doubled its price target for the largest corporate holder of the leading cryptocurrency. BTC Above $113K It was just months ago that the Wall Street behemoth slashed its bitcoin price target for the next year to under $82,000. This came in July, when the overall market sentiment had deteriorated, and BTC had just plummeted to its lowest level since late 2024 at under $58,000. However, bitcoin rebounded swiftly and has soared by roughly 50% since then, currently sitting at around $86,000. As such, Citi has lifted its 12-month forecast by approximately 40% to $113,400, reversing much of the caution it displayed in July. In its latest update on the matter, the bank’s analysts cited stronger cryptocurrency activity, a more supportive macroeconomic environment, and the evident return of ETF inflows as key reasons behind the new target. Citi expects around $5 billion in cr...