Citigroup Cuts Bitcoin Price Target to $112,000
JAKARTA, KOMPAS.com — Global investment bank Citigroup has cut its Bitcoin (BTC) price projection for the next 12 months.
This comes as progress on cryptocurrency legislation in the United States (US) slows, which is viewed as potentially impeding institutional adoption and new investment flows into digital assets.
Quoted from CoinDesk on Sunday (22/3/2026), in its latest research note, Citigroup analysts have reduced the Bitcoin price target to $112,000 from the previous $143,000.
This target reduction is linked to the delay in discussions on the crypto market structure bill in the US Senate, which was previously expected to provide a regulatory catalyst for the growth of the digital asset industry.
“Regulatory catalysts will drive further adoption and flows, but the chances of US legislation this year are increasingly narrowing,” said Citigroup’s global head of quantitative macro research and DeFi, Alex Saunders, in the note, quoted from TradingView.
According to Citi, progress on US regulations is a key factor in boosting demand from institutional investors, including potential increases in fund flows through crypto-based exchange-traded funds (ETFs).
However, discussions have stalled in the Senate Banking Committee since the beginning of the year due to differing views on stablecoin rules.
This uncertainty is making the prospects of regulatory approval in 2026 appear increasingly slim, thereby reducing market expectations for short-term growth catalysts in the crypto industry.
Citigroup assesses that if legislation is not passed soon, the impact could be felt on investor demand and capital inflows into the crypto market.
According to a Reuters report, some members of Congress are pushing for stricter rules, including bans on public officials profiting from crypto investments and strengthened anti-money laundering regulations.
In its base case scenario, Citigroup forecasts Bitcoin reaching $112,000 in the next 12 months.
However, the bank also outlines the possibility of price movements in a fairly wide range, depending on macroeconomic conditions and investor demand.