Citigroup Cuts 12-Month Bitcoin Price Target Amid ETF Outflow Wave
2026-07-02
Citigroup cut its 12-month Bitcoin price target from $112,000 to $82,000 in mid-2026, according to reporting from 24/7 Wall St., citing the sustained wave of spot Bitcoin ETF outflows that pushed the bank to also revise its expectation for new ETF money entering the market over the following year.
The revision followed a Bitcoin decline to a 21-month low near $58,000 in late June 2026, driven in significant part by roughly $4.5 billion in net ETF outflows that month, according to 24/7 Wall St.'s coverage, with the bulk of redemptions concentrated in BlackRock's IBIT fund.
24/7 Wall St. also noted that stalled progress on the CLARITY Act, the crypto market structure legislation still pending in the Senate as of the report, was cited as a contributing factor to reduced institutional demand expectations, since continued regulatory uncertainty can weigh on some large allocators' willingness to increase crypto exposure.
Despite the more bearish revised outlook, the report noted that funds still held roughly $80 billion in aggregate Bitcoin exposure, characterizing the shift as institutional money stepping back from recent highs rather than a broader structural collapse in the ETF product category.
Related on this site: See how Bitcoin's volatility compares to stocks and gold in our data-driven breakdown.