In its latest research report, investment bank TD Cowen stated that Strategy remains well-positioned during the Bitcoin downturn, with its balance sheet and financing tools tailored to current market volatility, allowing it to fully benefit from any market rebound. Analysts Lance Vitanza and Jonnathan Navarrete pointed out that Strategy has further solidified its leading position as a corporate Bitcoin treasury, demonstrating that even during sharp market declines, the company is "more capable than ever of participating in the recovery" and able to withstand even more severe Bitcoin drops. TD Cowen maintains its buy rating on Strategy with a target price of $440 and its Bitcoin price forecasts: approximately $177,000 by the end of 2026 and approximately $226,000 by the end of 2027. (The Block)