Bernstein expects Strategy to double its bitcoin holdings to 1 million. After disclosing the latest increase in bitcoin holdings, Bernstein has set Strategy's rating as outperforming, with a 75% increase in the target price to $600. In addition, Bernstein analysts expect Bitcoin to reach a cycle peak of around $200,000 by the end of 2025, $500,000 by the end of 2029, and $1 million by the end of 2033, with intermittent year-long bear markets.