TD Cowen "BTC will reach 155,000 dollars by the end of the year"...Strategy target price also raised

The American investment bank TD Cowen predicted that Bitcoin (BTC) will reach $155,000 by December this year. TD Cowen also adjusted the target stock price of Strategy (MSTR), a company holding Bitcoin, from the existing $590 to $680 based on this outlook.

Strategy currently holds about 600,000 BTC and is continuing a large-scale purchase strategy with the aim of securing 900,000 BTC by 2027. This is part of the long-term Bitcoin accumulation roadmap promoted by MicroStrategy founder Michael Saylor.

TD Cowen cited the increase in Bitcoin spot ETF inflows and the upward momentum after the halving as major reasons, diagnosing that the market flow in the second half is likely to turn into a structural bullish trend. It was also projected that the continuous inflow of institutional funds will drive the rise in BTC price.

The market is paying attention to whether Bitcoin will once again renew its all-time high and continue the further bullish trend until the end of the year.