Citi slashes 12-month bitcoin, ether targets as ETF flows dry up
Citigroup has significantly lowered its price targets for Bitcoin and Ether, citing a lack of institutional demand and the drying up of ETF inflows. The bank noted that the expected regulatory catalysts have not materialized, leading to a more cautious outlook for the crypto market.
Why it matters
The downgrade reflects a broader cooling of institutional sentiment toward digital assets following a record month of outflows from spot ETFs.
The bank lowered its base-case forecast for bitcoin to $82,000 from $112,000 and cut its ether target to $2,240 from $3,175. It now assumes no net ETF inflows over the next year, abandoning an earlier expectation that regulatory progress would drive fresh institutional allocations.
The article objectively reports on a financial institution's market analysis and the data supporting their revised forecasts.
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