TD Cowen has revised its year-end Bitcoin price target to $97,500, representing approximately 25% upside from the current level of around $78,000. Analyst Lance Vitanza has substantially cut previous forecasts that had called for $141,277 by end of 2025 and between $177,000 and $225,000 for 2026-2027. The updated base-case projection for year-end 2026 now sits at approximately $100,000, down from a prior estimate around $140,000. The revision reflects recent price weakness rather than any structural deterioration. The bank maintained its Buy rating on Strategy while initiating coverage on Strive with a projection of 27,100 BTC by end of 2026.
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