【Investment banks raise their long-term expectations for Bitcoin while short-term market pullbacks coexist—how traditional finance evaluates the trajectory of crypto assets】
According to Odaily Planet Daily, investment bank TD Cowen has recently raised its price forecast for Bitcoin. It expects Bitcoin to reach $109,000 by the end of 2026 and to further climb to $280,000 in 2029. At the same time, the institution kept its target price for MicroStrategy (MSTR) unchanged at $260, noting that although a higher Bitcoin price would increase the value of its assets, share dilution factors would limit the actual upside for shareholders.
While traditional financial institutions are releasing long-term optimistic outlooks, the crypto market has shown some volatility in the short term. As reported by PANews’ official Simplified Chinese RSS, according to OKX exchange market data, BTC briefly fell below the $82,000 level during the day and recorded a modest decline on the day. The coexistence of long-term bullishness and short-term pressure has sparked yet another round of discussion about the pace of the current cycle.
For Bitcoin’s potential drivers ahead, market analysts have offered different perspectives. As reported by Bitcoin Magazine RSS, analyst James Van Straten believes a new bull market may already be underway. He argues that the rotation of capital from the gold market, pullbacks in traditional equity markets, and the continued inflow of stablecoins are key factors that will push Bitcoin’s price back to higher levels. This suggests that capital repositioning among macro assets is having a profound impact on cryptoasset pricing.
On one side, Wall Street investment banks are systematically upgrading their mid- to long-term price outlook. On the other, the spot market is experiencing short-term fluctuations as macro sentiment changes. Whether traditional financial institutions’ macro modeling can accurately capture the high-volatility risk of crypto assets remains to be proven over time. In a context where diversified capital is accelerating cross-market flows, investors need to consider to what extent an institution’s long-horizon macro forecast can smooth out short-term market sentiment disruptions.
Tags: BTC
Related assets: $BTC
According to Odaily Planet Daily, investment bank TD Cowen has recently raised its price forecast for Bitcoin. It expects Bitcoin to reach $109,000 by the end of 2026 and to further climb to $280,000 in 2029. At the same time, the institution kept its target price for MicroStrategy (MSTR) unchanged at $260, noting that although a higher Bitcoin price would increase the value of its assets, share dilution factors would limit the actual upside for shareholders.
While traditional financial institutions are releasing long-term optimistic outlooks, the crypto market has shown some volatility in the short term. As reported by PANews’ official Simplified Chinese RSS, according to OKX exchange market data, BTC briefly fell below the $82,000 level during the day and recorded a modest decline on the day. The coexistence of long-term bullishness and short-term pressure has sparked yet another round of discussion about the pace of the current cycle.
For Bitcoin’s potential drivers ahead, market analysts have offered different perspectives. As reported by Bitcoin Magazine RSS, analyst James Van Straten believes a new bull market may already be underway. He argues that the rotation of capital from the gold market, pullbacks in traditional equity markets, and the continued inflow of stablecoins are key factors that will push Bitcoin’s price back to higher levels. This suggests that capital repositioning among macro assets is having a profound impact on cryptoasset pricing.
On one side, Wall Street investment banks are systematically upgrading their mid- to long-term price outlook. On the other, the spot market is experiencing short-term fluctuations as macro sentiment changes. Whether traditional financial institutions’ macro modeling can accurately capture the high-volatility risk of crypto assets remains to be proven over time. In a context where diversified capital is accelerating cross-market flows, investors need to consider to what extent an institution’s long-horizon macro forecast can smooth out short-term market sentiment disruptions.
Tags: BTC
Related assets: $BTC