Crypto
Bernstein Slashes MSTR Target to $350 Amid Revised Bitcoin Forecast
Bernstein's forecast for Bitcoin has been revised to $150,000 by mid-2027 and $300,000 in 2029. The firm also reduced its price target on Strategy (MSTR) stock from $450 to $350.
The lower target is due to Bernstein's updated Bitcoin cycle outlook and the equity dilution of Strategy. However, the new target still implies a potential upside of over 175% for MSTR shares.
Strategy holds approximately 840,447 BTC, worth around $65.8 billion, with an unrealized profit of about $2.45 billion due to Bitcoin trading above its average purchase price of $75,388.