ChainCatcher reports that Bernstein analysts expect MicroStrategy's Bitcoin holdings to rise from 1.7% of the circulating supply to 4% over the next decade, and have updated the target price for MSTR to $600 by the end of 2025.
According to data from TradingView, Bernstein previously set a target price of $290 in June when the stock was trading at around $148, and subsequently reached that price on November 11, with the stock rising nearly 100% in the past month and a year-to-date increase of 509%.
Analysts' evaluations of MicroStrategy depend on three factors. First, whether investors have a structurally bullish view on Bitcoin; second, whether MicroStrategy has liquidity or bankruptcy risks; third, whether the company can sustainably scale its capital in the long term.
They believe that under favorable regulatory conditions, support from the incoming Trump administration, increasing institutional adoption, and a macroeconomic backdrop of low interest rates, inflation risks, and record fiscal debt, Bitcoin is in a sustained bull market.
