"TD Cowen's analysts view Bitcoin as a long-term store of value, framing it in the tradition of digital gold, and project a price of roughly $140,000 by the end of 2026."
"Nakamoto Holdings received a buy rating and a $1.00 price target, with projections of $394 million in Bitcoin gains for fiscal year 2027, applying a 2x multiple to that estimate."
"The firm is initiating coverage of Nakamoto Holdings with a BUY rating and a $1.00 price target, based on estimated BTC gains and a Bitcoin price of ~$140k at Dec-26."
TD Cowen has begun equity research coverage on three public Bitcoin treasury companies and one Ethereum digital asset treasury. Analysts view Bitcoin as a long-term store of value, projecting a price of approximately $140,000 by the end of 2026. The firm identifies PBTCs as a distinct investable equity category. Nakamoto Holdings received a buy rating with a price target of $1.00, based on projected Bitcoin gains of $394 million for fiscal year 2027. SharpLink Gaming and Strive also received buy ratings with respective price targets of $16 and $26.
Read at Bitcoin Magazine
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