Have you changed the service account? (Sounds like it if you've upgraded).
Check out the discussion here: https://learn.microsoft.com/en-us/archive/msdn-technet-forums/afcc5b55-8429-4eed-a3f1-30e735e41359
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After upgrade the image to win22 and sql22. Not able to run bam Analysis service getting error Microsoft.BizTalk.Bam.Management.BamManagerException: The BAM deployment failed. ---> Microsoft.AnalysisServices.OperationException: Errors in the encryption library: Failed to encrypt sensitive data. Possibly the encryption key is inaccessible because of improper service account change.
Have you changed the service account? (Sounds like it if you've upgraded).
Check out the discussion here: https://learn.microsoft.com/en-us/archive/msdn-technet-forums/afcc5b55-8429-4eed-a3f1-30e735e41359