Bernstein: Strategy's BTC Holdings Expected to Double in the Future, Price Target $600

BlockBeats News, March 26th, after analysts at the research and brokerage firm Bernstein updated their stock price model for Strategy (formerly MicroStrategy) following the fourth-quarter financial performance and the latest BTC acquisition news, they reasserted their Outperform rating and set a target price of $600—up 75%.

According to Bernstein's bull case scenario, Strategy's Bitcoin holdings would more than double to around 5.8% of the current 19.8 million BTC circulating supply, up from the current approximately 2.5%. This assumes that Strategy can significantly expand its Bitcoin acquisition plan, along with a more accommodative capital market, lower interest rates, and a continuing bull market cycle. Analysts stated that in this scenario, Strategy's debt (including preferred shares) would rapidly increase from the current $11 billion to around $100 billion, with its equity value reaching approximately $840 billion.

The analysts project that Bitcoin will reach a peak of around $200,000 by the end of 2025, $500,000 by the end of 2029, $1 million by the end of 2033, with intermittent one-year bear markets during this period.