Citi's recent downgrade is quite severe, directly slashing the BTC target price by 27%. It seems institutions really lack confidence in short-term inflows.

Bitjie News: Citi Bank lowered its 12-month Bitcoin price target from $112,000 to $82,000 due to weakening investor demand. At the same time, Citi also lowered its Ethereum price target from $3,175 to $2,240. Bitcoin has recently traded near $58,864.27, the lowest level since September 2024, while Ethereum has also fallen to $1,585.63, hitting its lowest point since April 2025. Citi said this year’s Bitcoin ETF fund outflows total about $3.3 billion, and it lowered its assumption for 12-month net ETF inflows to zero, down from the prior estimate of $10 billion. Citi believes Bitcoin price forecasts now depend heavily on investor inflows and macro sentiment, and broader adoption may remain on hold until new catalysts emerge.