By Isaac • October 8, 2026 11:06 am •
Citi’s renewed Bitcoin bull case just ran into the kind of market test that makes a price target useful.
The bank recently raised its 12-month Bitcoin target from $82,000 to $113,000. Then Bitcoin slipped below $83,000 on Thursday, handing traders a clean question: was Citi early, or is the demand behind its call already fading?
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The answer depends less on one red session than on whether steady institutional buying survives the next few weeks.
CryptoSlate reports that Citi expects roughly $5 billion to enter crypto investment products over the coming 12 months. The bank is counting on advisers and brokerage platforms gradually putting more client money into Bitcoin exposure.
Citi’s thesis is built around durable allocations
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