Citi lowers Bitcoin price target from $112.000 to $82.000

American bank Citi is changing course regarding its expectations for Bitcoin and Ethereum. The bank is cutting its price targets sharply and setting the expected inflow via ETFs to zero, whereas previously it had anticipated $10 billion in new capital over the next twelve months.

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Citi Completely Scraps ETF Inflow Expectation

Citi, one of the largest banks in the world with a balance sheet of $1.2 trillion, is radically revising its forecasts for the crypto market. Whereas the company previously anticipated $10 billion in inflows via Bitcoin and Ethereum ETFs, it now sets that expectation to zero for the next twelve months. This fits a broader trend in which ETF outflows have risen sharply in recent weeks.

At the same time, Citi is lowering its twelve-month price target for Bitcoin from $112.000 to $82.000. For Ethereum, the target drops from $3.175 to $2.240. Bitcoin is currently at $58.546, a decline of 1.0% in the past 24 hours, indicating that the market is already under considerable pressure.

Bear Scenario Points to $53.000 for Bitcoin

In its most pessimistic scenario, Citi assumes recessionary macroeconomic conditions combined with persistent ETF outflows. In that case, the bank sees Bitcoin falling back to $53.000 and Ethereum to $1.094. That would mean a significant further decline for both coins compared to current prices.

Citi’s adjustment comes at a time when investors are already nervous about the direction of the market. According to the bank, the combination of declining institutional inflows, worsening macroeconomic prospects, and falling ETF volumes poses a real risk of further price pressure in the second half of 2026.