Citi cuts Bitcoin target to $82K, Ethereum to $2,240, citing "ETF inflows hitting zero"

Citi lowered its 12-month Bitcoin price target from $112,000 to $82k, and Ethereum from $3,175 to $2,240, citing an assumption of net ETF inflows slashed from $10 billion to zero, coupled with slow regulatory progress and capital shifting to the AI sector.

This cut is indeed significant, but a few points are worth unpacking:

Citi used an extreme assumption of ETF inflows hitting zero—this is more like a stress test than a base case scenario. If ETF inflows resume, this target price could be revised upward at any time.

$82k is about 40% above the current price, and $2,240 is about 40% above the current price. Citi lowering its target doesn't mean they are bearish to below current levels—it's just adjusting a "bullish expectation" to a "moderate recovery expectation."

The biggest variables are regulatory and macro liquidity. If U.S. crypto legislation makes progress, or the Fed pivots to easing, Citi's target could quickly look conservative.

In the end, this is a Wall Street institution acknowledging a weak short-term narrative, not a denial of Bitcoin's long-term value. $82K and $2,240, over a 12-month horizon, are still bullish, just not as insane.$BTC $ETH #Sharplink增持1万枚ETH