Analysts at Bernstein have rated Strategy (MSTR) as “outperform” following the company’s Q4 earnings report, setting a bullish price target of $600 — a potential 75% upside from current levels.

Key Highlights:

Target Price: $600

BTC Holdings Projection: Up to 5.8% of total Bitcoin supply

Debt Expansion Forecast: From $11 billion to $100 billion

Expected Equity Gains: $84 billion

Bitcoin Price Forecasts:

$200,000 by end of 2025

$500,000 by end of 2029

$1 million by end of 2033