Citigroup Cuts Bitcoin, Ether Forecasts
Analysis based on 7 articles · First reported Apr 20, 2026 · Last updated Jul 01, 2026
Citigroup's downgrade of Bitcoin and Ethereum price targets, driven by negative ETF flows and slow US crypto legislation, signals a bearish outlook for the cryptocurrency market. This could lead to further investor caution and potential price declines for digital assets, as capital rotates into other sectors like AI-related assets.
Citigroup has significantly reduced its 12-month price forecasts for Bitcoin and Ethereum, citing weakening investor demand, persistent negative exchange-traded fund (ETF) flows, and slow progress on US digital asset legislation. The bank lowered its Bitcoin target to $82,000 from $112,000 and its Ethereum forecast to $2,240 from $3,175. This revision is largely due to Citigroup cutting its 12-month net ETF inflow assumption to zero from $10 billion, as Bitcoin ETFs have seen approximately $3.3 billion in net outflows this year. The delay in US crypto legislation, particularly the CLARITY Act, due to ethics concerns related to President Donald Trump's crypto business interests, has also dampened investor sentiment. Concerns over potential Bitcoin selling by digital asset treasury companies further contribute to the bearish outlook. Citigroup's bear-case scenario projects Bitcoin at $53,000 and Ethereum at $1,094 over the next year, assuming recessionary macroeconomic conditions and continued ETF outflows.
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