Hi Ingsayyad,
Unfortunately it is not possible in PhotoScan. You can only 'subsample' a mesh using
TOOLS > MESH > DECIMATE MESH.
However, you could build your dense point cloud at a lower quality which would result in less points.
Alternatively, you could export your dense point cloud as *.las or *.laz file, open it in CloudCompare (free, open-source) and perform the subsampling there. Here are the details:
http://www.cloudcompare.org/doc/wiki/index.php?title=Edit%5CSubsampleThis is probably the best option. Note that CloudCompare allows you to subsample your point cloud in a smart way by changing the point density based on the curvature, which means that in highly curved areas which are geometrically complex there will be more points preserved in comparison to flat areas with a low curvature.
I hope that helps.
Regards,
SAV