The analysts wrote that Bitcoin’s price has likely bottomed, after tumbling from a peak price of $126,000 in October to $63,000 last month. They foresee the digital asset pushing to $150,000 by the end of the year, a 114% increase from Bitcoin’s current $70,000 price level.
Meanwhile, Strategy is set to notch its second-largest quarterly haul since the company started accumulating Bitcoin in 2020, the analysts noted. That’s despite a 20% drawdown in Bitcoin’s price since 2026 began, they added.
In the note, the analysts highlighted Strategy’s STRC. They wrote that the dividend-paying product has enabled Strategy to continue buying Bitcoin at an aggressive pace without running the risk of diluting the Bitcoin-buying firm’s common shareholders through routine issuance.
“Strategy acts as the ‘Bitcoin bank of last resort’ and Bitcoin ETFs are attracting more resilient (and less speculative) sources of capital,” they wrote. “Bitcoin’s resilient capital base is growing.”
