TD Cowen: Maintains Year-End BTC Target Price of $177,000, Strategy More Resilient Than Ever

Odaily Investment bank TD Cowen stated in its latest research report that Strategy remains well-positioned even during Bitcoin downturns. Its balance sheet and financing tools are tailored to navigate current market volatility and can fully benefit from market rebounds. Analysts Lance Vitanza and Jonnathan Navarrete pointed out that Strategy has further solidified its leading position as a corporate Bitcoin treasury. Even during severe market declines, the company is "more capable than ever of participating in the recovery" and can handle more significant Bitcoin price drops. TD Cowen maintains a Buy rating on Strategy with a target stock price of $440 and reiterates its Bitcoin price forecast: approximately $177,000 by the end of 2026 and about $226,000 by the end of 2027. (The Block)