Citigroup (Citi) has reduced its 12-month price target for Bitcoin from $112,000 to $82,000, and for Ethereum from $3,175 to $2,240. According to Reuters, on July 1, 2026, the bank's analysts also revised their estimate of net inflows into crypto ETFs from $10 billion to zero. They cited negative trends, declining investor demand, and a lack of progress on U.S. cryptocurrency legislation.