Analysts Raise Bets on Crypto-Linked Stocks Amid Bitcoin Surge

Wall Street analysts are increasing their bets on crypto-linked equities as Bitcoin (BTC) breaks through $80,000. Canaccord raised its price target for Strategy (MSTR) to $175 from $130 and maintained a 'Buy' rating, citing improved setup conditions.

The analyst noted that the company's new flexible liquidity pool within its Digital Credit Capital Framework has added value to the stock. MSTR shares traded flat in pre-market trade with retail sentiment trending extremely bullish on Stocktwits.

Goldman Sachs also raised its price target for Coinbase (COIN) to $196 from $173, maintaining a 'Buy' rating and expressing caution optimism about structural growth in the company's brokerage and prediction markets businesses.