Bernstein SocGen Cuts Strategy Price Target Amid Bitcoin Forecast

Bernstein SocGen Group has lowered its price target for Strategy (NASDAQ:MSTR) to $350 from $450 while maintaining an Outperform rating. The stock currently trades at $126.83, down 64% over the past year.

The firm's decision is based on its updated Bitcoin price expectations and Strategy model, which assumes a normal four-year cycle for Bitcoin. According to this framework, Bernstein SocGen expects Bitcoin to reach a market peak of $300,000 by 2029 and recover to a new all-time high of $150,000 by mid-2027.

The analyst cited the end of a 40-year era of declining interest rates as a key factor in its predictions. Rising yields will create a cycle of higher interest expenses, larger fiscal deficits, and increased borrowing needs, which policymakers may address through currency debasement rather than fiscal stress.