Citi Slashes Crypto Price Targets Amid Market Challenges

Citi has revised its Bitcoin and Ether price targets downward in light of market challenges.

The bank cut its 12-month target for Bitcoin from $112,000 to $82,000 and trimmed its Ether projection from $3,175 to $2,240.

The revisions are driven by a slow erosion of the two forces that were supposed to carry crypto higher in 2026: ETF demand and regulatory progress. U.S. spot Bitcoin ETFs posted $4.5 billion in net outflows in June 2026, their worst month since launching in January 2024.

Citi had previously projected $10 billion in net ETF inflows over the next 12 months, but has now cut that figure to zero.