Canadian Bank Sees Bitcoin Hitting $155,000 by 2025

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.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.