Investment bank TD Cowen has released a new report forecasting Bitcoin to rise to approximately $140,000 by the end of 2026, reinforcing its status as a long-term store of value and dubbing it "digital gold." This week, the bank initiated formal stock research coverage on Bitcoin Reserve Concept Stocks (PBTC), categorizing them as a distinct and investable stock class, separate from spot Bitcoin ETFs and traditional tech stocks.Additionally, TD Cowen has adjusted the target price for Strategy from $440 to $350, while maintaining a buy rating. This move highlights the bank's continued confidence in the potential of Bitcoin and related investment vehicles.

BTC+1.33%

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