Woofun AI reports that Citigroup has reduced its 12-month price target for Bitcoin from $112,000 to $82,000 and for Ethereum from $3,175 to $2,240. The bank adjusted its forecast due to waning investor interest, a lack of progress in U.S. digital asset legislation, and concerns regarding potential Bitcoin sales by management firms.

Citigroup lowered its assumption for ETF net inflows over the next 12 months from $10 billion to zero. This outlook adjustment coincides with a shift in fund allocations toward AI-related assets, further dampening sentiment for cryptocurrencies.