Microstrategy (MSTR) Stock Price Target Revised to $690 on Bitcoins $155K Potential

Strategys unrealized profit increased over $30 billion, as total holdings value reached nearly $74 billion after Bitcoin price hit a new ATH.

TD Cowen Predicts Bitcoin Price to Hit $155K By December

The investment bank set $155K as the Bitcoin price target for year-end as the top crypto asset continued to move higher. Also, it expects Strategy to hold nearly 900,000 BTC by the end of 2027.

Meanwhile, Bitcoin price hit a new ATH of $123,100 on Monday due to massive inflows in Bitcoin ETFs and rising corporate adoption.

Public companies such as Metaplanet, GameStop, and others confirmed to hold Bitcoin as a reserve asset in their corporate treasuries.

In addition, crypto funds saw the 2nd largest inflows to date of $3.7 billion amid massive buying from institutional investors. Bitcoin saw $2.7 billion in inflows, according to CoinShares.

Top analysts, including Peter Brandt and Markus Thielen, anticipated the Bitcoin price to hit at least $135K. The targets were revised after Bitcoin chart formed a bull flag pattern in the daily timeframe.

Bitcoin price trimmed earlier gains and was trading at $117,106 at the time of writing. The 24-hour low and high were $116,373 and $123,100.