Citigroup has increased its 12-month price target for bitcoin to $113,000, signaling renewed optimism in the cryptocurrency's outlook. This adjustment comes as inflows into bitcoin ETFs have resumed, boosting investor confidence in the digital asset.
According to CoinDesk, the bank's revised forecast reflects growing institutional interest driven by these ETF inflows, which are seen as a catalyst for further price appreciation. The move highlights the evolving dynamics in the crypto market as traditional financial institutions deepen their engagement.
For Japanese investors, this development aligns with the country's gradual embrace of crypto investment products, potentially influencing local market sentiment and trading volumes in digital assets.