Citi Slashes Bitcoin Target to $82K

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitcoin's terrible year Will there be another bull run? Advertisement Wall Street giant Citi has revised its 12-month price targets for both Bitcoin (BTC) and Ethereum (ETH). The reversal has been attributed to pitiful exchange-traded fund (ETF) outflows and a stagnant legislative environment. Citi has slashed its BTC forecast down to $82,000 and its ETH target to $2,200. HOT Stories 2.6T Shiba Inu (SHIB) Exits to On-Chain Ahead of Q3; 3-Month Trend Saves XRP at $1, Citi Slashes Bitcoin Price Target by 27% Because of AI - Morning Crypto Report Bitcoin (BTC), Stellar (XLM), XRP and Hyperliquid (HYPE) Price Analysis for July 1: Market Must Regain the Foundation They previously expected BTC to reach much higher targets due to the anticipation of much bigger institutional flows. Advertisement The market's momentum has stalled mainly due to a lack of legislative progress ahead of the midterms. The bank's base-case scenario now assumes exactly zero new BTC ETF inflows over the next 12 months. "The lack of legislative progress and negative sentiment in the sector has seen a reversal of flows YTD," the Citi report stated. "The average ETF holder is now underwater, and prices are below their pre-2024 US election levels." "De-basement fears" could theoretically drive renewed interest, but the hawkish macroeconomic conditions have reduced such risks. Advertisement Just months ago, in December 2025, a joint report by various Citi analysts set a 12-month base-case target of $143,000 for Bitcoin. The forecast was predicated on the expected passage of U.S. digital-asset legislation (specifically the Clarity Act). In that same December 2025 report, Citi outlined a bull case where BTC could reach $189,000 due to heightened end-investor demand. Bitcoin's terrible year Earlier this year, Bitcoin peaked above the $96,000 level. After this, BTC suffered a huge price correction, eventually declining to roughly $60,000 by late February. The price was pushed back up to form a lower high near $80,000 by late May. After this, consecutive weeks of heavy sell-offs forced BTC back to the $59,000 range. Will there be another bull run? The short-term outlook appears to be exceptionally bleak, but CryptoQuant CEO Ki Young Ju recently noted that a macro breakout is still possible. It would require much bigger institutional allocations, according to the analyst. #Bitcoin Price Prediction #Citigroup