This has been discussed on the Fenix 7 forum starting 2 years ago:
Suggested workout HR for cycling seems low - fēnix 7 Series - Wearables - Garmin Forums
I'm seeing the same thing on my FR265. My suggested workouts are pretty much the same as what JordiGT posted in that thread: Base and Long Ride workouts at 111 bpm target. My Max HR is 187, LTHR 166, RHR 58. 111 bpm would be a brisk walk, I probably couldn't cycle slowly enough to maintain that. There is also a Threshold workout which is reasonable, warmup at 135 bpm and intervals at 165 bpm.
Yesterday I did a workout (not following the DSW) where my average HR was 137 and max 153, and the Training Effect classified it as a base workout.
If I switch to running the Base workouts target 139 bpm, much more reasonable. It's just cycling that has the problem.