Bernstein Slashes MSTR Price Target, Pushes Bitcoin Forecast to 2027

Bernstein has revised its forecast for Bitcoin, pushing the $150,000 level to mid-2027 and the next major peak to $300,000 in 2029.

The firm also cut its price target on MSTR stock to $350 from $450, citing its revised Bitcoin cycle outlook and Strategy's equity dilution as reasons for the lower target.

Michael Saylor-backed Strategy (MSTR) fell in pre-market trading on Friday after Bernstein slashed its price target by $100.

The firm believes the 40-year period of falling interest rates is over, exposing governments to 'mounting debt-servicing costs as sovereign debt levels reach unprecedented highs.'