TD Cowen cut its year-end Bitcoin target to $97,500 from a more bullish prior forecast, implying about 25% upside from current levels near $78,000. Analyst Lance Vitanza said the revision reflects recent price weakness rather than structural deterioration, while noting regulatory clarity and index inclusion remain potential catalysts.
The bank also lowered its Strategy price target to $260 from $400, while keeping a Buy rating. TD Cowen initiated coverage of Strive with a $32 target, citing expectations that it will accumulate more than 27,100 BTC by the end of 2026.
TD Cowen Cuts Bitcoin Year-End Target to $97,500 and Lowers Strategy Target
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