Citigroup lifts Bitcoin target to $113K as Robinhood adds BTC to its balance sheet
Citigroup raised its 12-month Bitcoin target to $113,000 and its Ether target to about $3,028, while Robinhood disclosed a $25M Bitcoin purchase — fresh signs of institutional conviction despite a soft spot market.
Wall Street conviction in crypto is firming even as the spot market trades soft: Citigroup has raised its 12-month price targets for the two largest digital assets, and Robinhood has disclosed a direct Bitcoin purchase for its own balance sheet. According to Yahoo Finance, Citigroup lifted its Bitcoin target to $113,000 from $82,000 and its Ether target to about $3,028 from $2,240.
What Citigroup changed
The revisions are substantial: a Bitcoin target of $113,000 implies meaningful upside from early-October levels in the mid-$80,000s, and the Ether upgrade to roughly $3,028 points the same direction. Per the Yahoo Finance report, the move reflects a more constructive 12-month view rather than a call on next week’s price — a distinction worth keeping in mind given how choppy spot trading has been this month.
Context matters here. As we covered in our report on Bitcoin slipping toward $84K, spot ETF inflows have cooled sharply, which makes a bullish longer-horizon bank target a notable counterpoint to near-term caution.
Robinhood puts Bitcoin on its own books
Alongside the analyst upgrade, the same reporting notes that Robinhood added $25 million of Bitcoin to its balance sheet as it deepens its crypto push. Corporate treasury buying — a company holding Bitcoin as a reserve asset rather than merely facilitating customer trades — is one of the clearer expressions of institutional conviction, because it puts the firm’s own capital behind the thesis.
Reading institutional signals carefully
A raised price target and a treasury purchase are signals, not guarantees. Bank targets are revised regularly in both directions, and a single corporate buy does not set the market. The more durable read is directional: large, regulated players continue to build crypto exposure through products and balance sheets even during a demand lull. For how that institutional plumbing actually moves price, see our explainer on how spot Bitcoin ETFs work, and for choosing where to hold or trade, our guide to the best crypto exchanges.
The bottom line
Citigroup’s upgraded $113,000 Bitcoin target and Robinhood’s $25 million purchase, both per Yahoo Finance, show institutional appetite holding up even as spot ETF buying slows. Treat the price target as a 12-month view, not a short-term forecast — but note the broader signal: the conviction behind crypto’s institutional adoption is not fading with the price.
News summary based on reporting cited above. For general information only; not financial advice.