• bitcoinBitcoin (BTC) $ 91,623.00
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  • bnbBNB (BNB) $ 906.74
  • solanaWrapped SOL (SOL) $ 141.10
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  • staked-etherLido Staked Ether (STETH) $ 3,104.04
  • dogecoinDogecoin (DOGE) $ 0.137978
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.04
  • cardanoCardano (ADA) $ 0.392979
  • wrapped-stethWrapped stETH (WSTETH) $ 3,801.76
  • bitcoin-cashBitcoin Cash (BCH) $ 619.57
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  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 91,410.00
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,378.81
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  • htx-daoHTX DAO (HTX) $ 0.000002
  • binance-staked-solBinance Staked SOL (BNSOL) $ 154.33
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  • usdtbUSDtb (USDTB) $ 0.999389
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,295.63
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  • ousgOUSG (OUSG) $ 113.92
  • wrappedm-by-m0WrappedM by M^0 (WM) $ 0.999576
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  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.95
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  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 91,409.00
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  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,315.38
  • beldexBeldex (BDX) $ 0.090854
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  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.138005

Citigroup sets Bitcoin’s base price target at $143,000 amid ETF demand

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Citigroup sets Bitcoin’s base price target at $143,000 amid ETF demand

Key Takeaways

  • Citigroup set a 12-month base price target of $143,000 for Bitcoin fueled by ETF demand.
  • Institutional interest through spot Bitcoin ETFs is driving bullish projections for BTC.

Citigroup analysts set a base case price target of $143,000 for Bitcoin over the next 12 months in a newly published report, driven by expectations of renewed demand for spot exchange-traded funds and supportive macroeconomic conditions.

The report identifies $70,000 as a key support level, with the potential for a sharp rally from current levels as institutional capital continues to flow through spot Bitcoin ETFs.

Under a bear case scenario, the analysts see Bitcoin falling to $78,500 in the event of a global recession. In a more optimistic scenario, the report projects a price of $189,000, driven by accelerating investor demand.

Source

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