Citigroup Slashes Strategy Price Target to $136, Cuts Bitcoin Forecast to $81,800

According to ChainCatcher, Citigroup has lowered its price target for Strategy (formerly MicroStrategy) from $260 to $136, a reduction of nearly 48%, while maintaining a "Buy" rating. At the same time, the bank cut its 12-month Bitcoin price forecast to $81,800, primarily due to lower expected Bitcoin returns.

In the report, Citigroup noted that Strategy's recently updated capital plan has significantly improved its liquidity position, which is expected to provide the company with a longer runway. Despite the downward revision in Bitcoin price predictions, Citi remains relatively optimistic about Strategy's long-term strategy.