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Citi cuts Bitcoin 12-month price target to $82K, citing weak ETF demand and bearish outlook.

Analyst Insights
01 Jul 2026
Finbold
View Source
Bearish
pluang ai news

Citi has lowered its 12-month Bitcoin price target from $112,000 to $82,000, marking its most bearish forecast to date. The downgrade reflects a sharp decline in institutional demand, particularly due to stalled Bitcoin ETF inflows, with projected net ETF inflows now at zero. Citi warns Bitcoin could drop to $53,000 under recession-like conditions if ETF outflows persist. This cautious stance contrasts with some optimistic Wall Street forecasts, highlighting uncertainty driven by ETF flow data rather than long-term adoption trends.

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