Citi lowered its Ethereum, Bitcoin price forecasts after readjusting its expected ETF inflows over the next year to zero.
Citi, the U.S. banking giant, cut its 12-month Bitcoin forecast to $82,000 from $112,000, saying ETF flows have turned negative and investor demand has weakened, Reuters has learned. The bank also lowered its Ethereum target to $2,240 from $3,175.
As Citi analysts argue, ETF flows, one of the main drivers of crypto prices this cycle, have now turned negative, suggesting BTC▼$58,499.00 and ETH▼$1,567.26 are now missing a key source of buying pressure.
As of press time, Bitcoin is trading near $58,860, its weakest level since September 2024 and more than 50% below its October all-time high, per data from Bitcoin Foundation’s price tracking page. Ethereum is trading near $1,586, its lowest level since April 2025.
Read also: Bitcoin Bottom Isn’t Here Yet Despite Deep Bear Setup, Analysts Say
ETF Flows Hit Bitcoin Forecast
Citi’s pessimistic forecast for BTC and ETH also follows as both tokens continue trading below their respective long-term moving averages.
In its bearish forecast, under the premise of recessionary macroeconomic factors and ETF outflows, Citi expects the price of Bitcoin to drop to $53,000 while Ethereum to drop to $1,094 in 2027.
Slow progress towards cryptocurrency regulatory laws in the U.S. was also pointed out by Citi as another factor reducing investors’ interest in the market. Meanwhile, growing concerns about selling of Bitcoin by digital asset treasuries as well as increased investment in AI tokens have put even more pressure on crypto demand, the report reads.
The analysts believe that broader crypto adoption is likely to stay paused until a new catalyst appears, leaving the market dependent on bigger catalysts.
Read more: Bitcoin ETF Inflows Hit Worst Month Ever With $4.5B Outflows
