Citigroup Downgrades Bitcoin's 12-Month Target Price to $82,000

Citigroup has lowered its 12-month target prices for both Bitcoin and Ethereum, revising Bitcoin's target from $112,000 to $82,000 and Ethereum's from $3,175 to $2,240. The revision follows shifting expectations about Bitcoin ETF fund flows, with the bank abandoning its previous assumption of $10 billion in inflows over 12 months. Weak ETF activity, delays in U.S. clarity legislation, and fears of institutional selling have worsened investor sentiment. Bitcoin's price has fallen to $58,864.27, its lowest since September 2024, while Ethereum trades near $1,585.63, below its April 2025 peak. Citigroup also warned of a downside scenario, forecasting potential drops to $53,000 for Bitcoin and $1,094 for Ethereum if economic weakness and ETF outflows persist.