How to reproduce:
1. Open the attached project "references.zip"
2. Open Assets/Scenes/SampleScene.unity
3. Right mouse click on Assets/Data.asset
4. Click on Find References In Scene
5. Select "GameObject" in the Hierarchy window
6. Set "A" in the Inspector window as "None"
Expected results: "GameObject" is no longer shown in the Hierarchy window
Actual results: "GameObject" is shown in the Hierarchy window
Reproducible with: 2020.3.47f1, 2021.3.23f1, 2022.2.15f1, 2023.1.0b12, 2023.2.0a9
Reproducible on: Windows 10