The German powerhouse were knocked out of the UEFA Champions League after a scintillating semi-final second leg against Atletico Madrid at the Allianz Arena on Tuesday night.
Pep Guardiola's men won the tie 2-1 but their fate was sealed by virtue of the away goals rule which saw Atleti progress after a 2-2 aggregate.
Bayern now have the Bundesliga title and DFB Pokal (German Cup) final against Borussia Dortmund to focus on and defender Boateng says that is exactly what they will do after such a disappointing night.
"It will hurt for a couple of days, but life goes on. We still have two big goals to reach!" he said.
In a dramatic encounter, Xabi Alonso opened the scoring for Bayern with a deflected free-kick in the 31st minute before Thomas Muller had his penalty brilliantly saved by the formidable Jan Oblak three minutes later.
Antoine Griezmann slotted home Atleti's vital away goal early in the second half, latching onto a Fernando Torres through ball with a hint of offside, before Robert Lewandowski headed the home side back into contention.
Alteti were awarded a controversial penalty late in the piece when Torres was brought down by Javi Martinez right on the edge of the area but the Spaniard was denied by Manuel Neuer before the visitors held on for a famous victory in their ever-improving history.