Citigroup raised its 12-month price target for Strategy's Nasdaq-listed MSTR shares to $240 from $136 and retained a Buy rating. With the stock at $156.76, the target implies 53% upside. Analyst Peter Christiansen's valuation assumes Bitcoin reaches $113,000 over the next year and Strategy's market-to-net-asset-value premium expands from 1.065 to 1.24. Bitcoin appreciation represents about 34% of the projected upside, while the higher premium contributes another 16%. Strategy held 847,666 Bitcoin after purchasing 1,665 coins the previous week. Citi also raised its 12-month Bitcoin and Ethereum forecasts by more than 35%, to $113,000 and $3,028 respectively, citing stronger crypto activity, improving macroeconomic conditions and renewed exchange-traded-fund inflows. The bank expects about $5 billion in crypto inflows over the next year as financial advisers and brokerages increase Bitcoin allocations, although profit-taking has reached its highest level of 2026. Other market forecasts cited in the broader discussion included Bitcoin reaching $300,000 by 2029 according to Fidelity's Jurrien Timmer and $300,000 before the next halving according to Peter Brandt.