Analysts are optimistic about Strategy stocks: Bitcoin is the key

Source: CritpoTendencia Original Title: Top Analysts Maintain Positive Rating on Strategy Shares Original Link: https://criptotendencia.com/2025/12/10/analistas-top-mantienen-calificacion-positiva-sobre-las-acciones-de-strategy-2/ In the past six months, Strategy company’s stock has declined over 51%, dropping to $188 per share. This weak performance has wiped out hundreds of billions of dollars in company valuation and has raised cautions among many investors.

For weeks, rumors have been circulating that this company, led by Bitcoin maximalist Michael Saylor, may sell part of its Bitcoin reserves to pay dividends to shareholders. The rumors escalated to the extent that the company’s management decided to establish a $1.44 billion cash emergency fund.

Through these resources, the company secured several months of debt obligations, which somewhat reduced the risk of having to sell Bitcoin. However, financial data shows that Strategy’s stock continues to decline, especially compared to the high of nearly $460 in 2025.

Despite Strategy’s stocks facing a complex situation, analysts remain optimistic. According to a recent Bloomberg report, which reviewed price targets from 19 top analysts, most still expect a rise in the coming months.

Analysts’ Optimism Toward Strategy Stocks

The report notes that the significant retracement of MSTR only caused three out of 19 experts to change their advice to sell. In contrast, 15 analysts remain optimistic, with one taking a neutral stance. However, deeper observations reveal a greater degree of optimism.

Among the 15 analysts with positive viewpoints, 12 forecast price targets indicating a 150% or higher increase over the next 12 months. This would mean a rise from current levels to about $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 most conservative target for the next 12 months is $425 per share. Among the most bullish analysts, Mark Palmer of Benchmark Corp. stands out, predicting that MSTR will quadruple to $705 per share.

Any other company that has shown similar performance in recent months might have already received multiple negative ratings. However, Saylor’s company is unique, and the explanation lies with Bitcoin.

Bitcoin: The Key Behind Strategy’s Optimism

After its historic brand update, Saylor’s company shifted into a Bitcoin enterprise treasury, abandoning its traditional enterprise smart software business. This move allowed it to gain a high correlation with the highly leveraged price of pioneering cryptocurrencies.

This is a primary reason many analysts remain bullish on MSTR. In traditional markets, 12 months might represent moderate change; in the crypto ecosystem, a year can mean a complete transformation.

According to Palmer, in the crypto sphere, “a year is equivalent to an eternity.” Therefore, the ultimate recovery of Bitcoin — as seen after declines in 2017 and 2022 — leads many to view Strategy’s current retracement as a temporary setback.

Continuous Bitcoin Accumulation

Another key factor is that, despite difficult times, the company has not lost its ability to access capital. This enables it to continue executing its strategy of issuing shares to acquire more Bitcoin. Recent purchases reportedly occurred last week.

This was a $962.7 million acquisition of 10,624 Bitcoin. As a result, the company’s reserves reached 660,624 Bitcoin. This extraordinary number suggests that a rise in Bitcoin’s price to new all-time highs could significantly amplify Strategy’s unrealized gains.

Essentially, for many analysts, it’s just a matter of time before Strategy becomes a headline again, just as it has most of this year.

This is the outlook observed by investors tracking the industry’s behavior and is also the main reason why buy ratings for MSTR won’t surprise those closely following the sector.