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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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Citi expects around $5 billion in crypto inflows over the next year, with financial advisers and brokerages gradually increasing BTC allocations. It also acknowledged the recent failure<\/a> of the CLARITY Act in the Senate but argued that the subsequent announcements<\/a> from the SEC and the CFTC helped soften the negative impact on sentiment.<\/p>\n CITI RAISES BITCOIN TARGET TO $113,000<\/p>\n Citi has raised its 12-month Bitcoin target to $113,000 from $82,000, implying roughly 35% upside from current levels near $83,900.<\/p>\n The bank points to renewed currency-debasement fears, greater regulatory clarity and continued adoption of\u2026<\/p>\n \u2014 *Walter Bloomberg (@DeItaone) October 1, 2026<\/a><\/p>\n<\/blockquote>\n The change in the bank’s outlook for bitcoin has had an even more dramatic effect on its Strategy valuation. During its July call, Citi highlighted<\/a> a MSTR price target of $136. At the time, the company’s main shares struggled below $100 as its other stock, STRC, had plunged far below its par level. Now, though, MSTR trades at $160, posting a 60%+ increase since the summer lows.<\/p>\n Citi has increased<\/a> the target to $240 now and has maintained a “buy” rating on MSTR. Roughly 34% of the projected upside contribution comes from further BTC appreciation, said the bank, with another 16% tied to an expansion in the company’s market-to-net-asset-value premium.<\/p>\n That relationship highlights just how sensitive Wall Street valuations of Strategy remain to BTC itself. Citi has previously described MSTR as a leveraged and considerably more volatile way of gaining exposure to the cryptocurrency. Consequently, the numbers can change significantly in months if market conditions deteriorate (or improve) a lot.<\/p>\n The post Citi Turns More Bullish on Bitcoin and Strategy: Here Are the New Targets<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
Strategy Sees Major Uptick<\/h2>\n
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