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TD Cowen sets Bitcoin year-end target at $97,500, signaling 25% upside amid revised forecasts.

Analyst Insights
01 Sep 2026
Crypto Briefing
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Bullish
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TD Cowen analyst Lance Vitanza revised Bitcoin's year-end 2026 price target to $97,500, implying a 25% upside from recent levels around $78,000. This is a significant downgrade from previous forecasts that expected Bitcoin to reach over $140,000 by year-end 2025 and up to $225,000 by 2027. The revision reflects recent price weakness rather than structural issues, with potential catalysts like regulatory clarity and broader index inclusion still seen as positive factors. TD Cowen also cut the price target for Strategy shares, which hold large Bitcoin positions, but maintained a Buy rating, and initiated coverage on Strive with a $32 target, expecting it to accumulate over 27,100 BTC by end of 2026. The new target suggests a market recovery without reaching past highs, offering investors a range of entry points within Bitcoin's current trading band.

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