TD Cowen Issues Bold Bitcoin Prediction: Maintains Buy Rating

Investment bank TD Cowen maintained its “Buy” rating for UK-based Bitcoin treasury company The Smarter Web Company, keeping its $140,000 price expectation for Bitcoin despite lowering its price target for the stock.

As institutional strategies in the cryptocurrency markets continue to take shape, TD Cowen analysts published a notable report for The Smarter Web Company shares. The bank cut its price target by 36%, lowering it from £1 to £0.64. However, this revision stands out as a technical adjustment stemming from updated treasury activities and dilution projections rather than the company’s fundamental value.

Analysts reiterated their “Buy” rating for the stock despite the drop in the price target. The new target set for the shares, currently trading at £0.287, indicates an upside potential of approximately 123%. The 2,878 BTC held by the company and its leading position in the UK market form the main basis of this optimistic expectation.

$140,000 Bitcoin Forecast and Company Valuation

The most striking point in TD Cowen’s analysis was the prediction that the Bitcoin (BTC) price would reach the $140,000 level by December 2026. While valuing the company, the bank valued its treasury operations at £63 million and its expected Bitcoin holdings at £229 million. This modeling proves that the company is evaluated not just as an investment fund, but as an active treasury management company.

Another development strengthening the company’s financial structure was the appointment of Oliver Hewett as chief financial officer (CFO). Hewett, who stands out with his corporate investment banking experience, is expected to increase the company’s effectiveness in capital markets. Despite short-term pressures on the Bitcoin price and downward trends in price targets, this institutional-level confidence once again highlights the long-term potential of Bitcoin treasury companies.