Citi has lifted its 12-month Bitcoin price forecast to $113,000, up from its previous estimate of $82,000.

This upward revision marks a significant shift in the bank's stance for mid-2026. Back in July 2026, Citi had sharply cut its Bitcoin projection from $112,000 to $82,000, citing persistent ETF outflows, slow progress on U.S. digital asset legislation, and an overall stalling market.

The latest adjustment signals renewed optimism at the bank regarding macroeconomic factors and spot capital inflows for late 2026 and 2027.