Canadian Bank Sees Bitcoin Hitting $155,000 by 2025
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TD Cowen has boosted its price target for Strategy (formerly MicroStrategy) to $680, up from $590.
The revision reflects confidence in the company’s expanding Bitcoin treasury and bullish outlook on BTC’s long-term growth.
TD Cowen emphasized that Strategy’s accumulation model has evolved from asset protection to a high-conviction growth strategy designed to increase shareholder value.
Bitcoin outlook: Base, upside, and downside paths
The bank outlined three possible paths for Bitcoin through December 2025. In its base case, BTC reaches $128,000. An optimistic forecast puts the price at $155,000, while a bearish scenario sees a correction to $55,000.
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As institutional appetite grows and ETFs channel billions into crypto, TD Cowen believes Strategy is positioned to benefit more than any other public company.
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