Citi Turns More Bullish on Bitcoin and Strategy: Here Are the New Targets

Citi has turned more bullish on Bitcoin and its corporate proxy, Strategy (formerly MicroStrategy). After the broader market recovery began in mid-August, Citi now expects BTC to surge past $113,000 over the next year, raising its 12-month target to $113,400—about a 40% increase from the under-$82,000 outlook it cut in July. The bank cites stronger crypto activity, a more supportive macro environment, and the return of ETF inflows. Citi also projects about $5 billion in crypto inflows over the next year. For Strategy, Citi lifted its MSTR price target to $240 from $136 while keeping a “buy,” noting roughly 34% of upside from BTC appreciation and 16% from premium expansion.