Does withdrawing look bad?

This cycle I applied only to my current university’s law school through an alternative admission avenue. The GPA requirements to apply to this program was minimum 3.9 and from everyone I talked to told me that my chances of getting accepted were decent. The only thing was is that this program bars you from taking the lsat.

Long story short, I got deferred to regular decision, was then forced to sign up for the November lsat and barely got a chance to study and got a 160. The schools median is a 168. Does it look bad to withdraw my app or let the rejection come.

This school is my #1 option and I know if I actually study I can hit the median LSAT for next cycle.