Analysts are optimistic about the outlook for Strategy stocks: Bitcoin is the key driving force

Source: CritpoTendencia Original Title: Top analysts maintain positive rating on Strategy stocks Original Link: Over the past 6 months, Strategy’s stock price has fallen more than 51%, down to $188 per share. This weak performance has wiped out billions of dollars in corporate valuation, raising alarms among numerous investors.

For weeks, speculation has been circulating that Bitcoin maximalist Michael Saylor might liquidate part of his BTC reserves to pay dividends to shareholders. Rumors escalated to the point where the company’s executives decided to create a $1.44 billion cash emergency fund. These resources ensure the company’s obligations for months, partially reducing the risk of being forced to sell BTC. However, data shows the company’s stock price is still declining, especially compared to the high near $460 in 2025.

Despite the complex situation facing Strategy stocks, analysts remain optimistic. According to a recent Bloomberg report, among 19 top analysts’ price targets, the vast majority still foresee a rebound in the coming months.

Analysts’ Optimism Toward Strategy Stocks

The report notes that the significant decline in MSTR prompted only 3 out of 19 experts to change their sell recommendations. In contrast, 15 analysts remain optimistic, and 1 has a neutral rating. However, deeper analysis reveals a broader sense of optimism.

Of the 15 bullish analysts, 12 have price targets indicating a return of +150% or more over the next 12 months. This means a rise from current levels to approximately $485 per share.

The report emphasizes that the lowest price target is $200 per share, supported by Jeffrey Yu of Capital Management Corp. and Brett Knoblauch of Cantor Fitzgerald. The second most conservative target within 12 months is $425 per share. Among the most optimistic analysts, Benchmark Corp.'s Mark Palmer stands out, predicting MSTR will soar to $705 per share.

Any other company exhibiting similar performance to Strategy in recent months might receive multiple negative ratings. However, Saylor’s company is a special case, explained by Bitcoin.

Bitcoin: The Key Behind Strategy’s Optimism

Following a landmark rebranding, Saylor’s company has transformed into an enterprise treasury for Bitcoin, gradually abandoning its traditional business intelligence software operations. This shift has allowed it to leverage the highly correlated price movements of pioneering cryptocurrencies.

This is a major reason many analysts maintain a positive outlook on MSTR. In traditional markets, 12 months might represent moderate change; in the crypto ecosystem, a year could mean a complete transformation.

According to Palmer, in the world of cryptocurrencies, one year equals an era. Therefore, Bitcoin’s eventual recovery—similar to what happened after the declines in 2017 and 2022—causes many to see Strategy’s current decline as a temporary setback.

Continuous accumulation of BTC

Another key factor is that, despite challenging times, the company has not lost the ability to access capital. This has enabled it to continue executing its strategy of issuing stock to acquire more Bitcoin. As recently reported, the latest acquisition occurred last week.

This involved purchasing 10,624 BTC for $962.7 million. The company’s reserves now total 660,624 BTC. This extraordinary figure means that a rise in Bitcoin’s price to new all-time highs could significantly increase Strategy’s unrealized gains.

Essentially, for many analysts, the question of when Strategy will return to the headlines is just a matter of time, as has been the case for most of this year.

This is the situation investors have observed and is also the main reason why buy ratings for MSTR won’t surprise those closely watching the industry’s behavior.