Bernstein has raised the target price for MicroStrategy to $600 by the end of 2025

ChainCatcher reports that Bernstein analysts predict MicroStrategy's Bitcoin holdings will rise from 1.7% of the circulating supply to 4% over the next decade, and have updated MSTR's target price to $600 by the end of 2025.

According to data from TradingView, Bernstein previously set a target price of $290 in June when the stock was trading at around $148. It reached this price on November 11th, with nearly a 100% increase in the past month and a year-to-date increase of 509%.

Analysts' assessment of MicroStrategy depends on three factors: firstly, whether investors are structurally bullish on Bitcoin; secondly, whether there is liquidity or bankruptcy risk for MicroStrategy; thirdly, whether the company can expand its capital scale in the long term.

They believe that under favorable regulatory conditions and support from Trump's incoming administration as well as growing institutional adoption coupled with low interest rates, inflation risks and record fiscal debt macroeconomic backdrop - Bitcoin is currently in a sustained bull market.