[TD Cowen Lowers Year-End Bitcoin Price Target to $97,500 and Strategy Price Target to $260] According to Crypto Briefing, TD Cowen has set the year-end price target for Bitcoin at $97,500, representing a 25% upside from the current level of approximately $78,000. However, the firm has also lowered its previously more optimistic forecast. Analyst Lance Vitanza had previously projected Bitcoin to reach $141,277 by the end of 2025 and $177,000 to $225,000 between 2026 and 2027, but these estimates have now been significantly reduced. Vitanza noted that the downgrade is due to recent price weakness rather than structural deterioration, with regulatory clarity and index inclusion still seen as potential catalysts. TD Cowen has also lowered the price target for Strategy from $400 to $260 but maintained a buy rating.