Citigroup took a red pen to its crypto forecasts on Tuesday, cutting its 12-month price targets for bitcoin after the ETF flows that carried the market higher went into reverse.

The bank now sees bitcoin at $82,000 a year out, down from $112,000. It’s the second time Citi has trimmed those numbers in 2026. An earlier round of cuts had already pulled bitcoin down from $143,000. 

What changed most is how Citi thinks about Bitcoin ETFs. The bank had been penciling in $10 billion of net inflows over the coming year. It now expects zero. 

That is a big swing, and it reflects what has happened in the funds themselves: BTC ETFs have shed roughly $3.3 billion in 2026, and June…

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