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I face the same issue. If your workspace is put inside source control, there is chances to fix it.
Clone your workspace via source control to another folder (let say "Talend2", open talent . set up workspace to the new location of "Talend2", load project. If success then you have 50% chances now..
Now close "Talend2" workspace, open git.. go to the troublesome workspace (let call it "Talend1")
revert any local changes, make sure it fresh and on commit revision that working before.
Now try your luck, open "Talend1" using talend, delete project . Tick delete physical. Close talend.
Open source code control again, if any local changes (file deleted), just revert/restore it.
Now, open again Talend1" using talend. setup workspace, setup back the project. It will ask for restart. Just restart and your can open the project again.