'75% Plunge Nightmare in a Year'...MicroStrategy (MSTR) Target Price Drops to $213

▲ Bitcoin (BTC), MicroStrategy (MSTR)/ChatGPT Generated Image

MicroStrategy (MSTR) has faced a target price downgrade from Wall Street in the wake of its recent virtual asset selling operation. Global financial firm Mizuho significantly slashed its stock price forecast for MicroStrategy, reflecting the company's large-scale asset disposal and the volatility of the cryptocurrency market.

According to crypto media outlet Coingape on July 7 (local time), Mizuho downgraded MicroStrategy's target price from the previous $265 to $213. However, it maintained its "Outperform" investment rating, indicating a positive outlook on the company's mid-to-long-term potential. Mizuho updated MicroStrategy's Bitcoin (BTC) holdings on its balance sheet to 843,775 BTC as of June 30, 2026.

This target price downgrade is a direct result of MicroStrategy's recent Bitcoin selling operations and the overall downturn in the virtual asset market. As the basis for its new stock price forecast, Mizuho revised the expected market price of Bitcoin to $71,500 by the end of 2027. With the decline in cryptocurrency values and increased stock price synchronization, MicroStrategy's stock has plunged approximately 75% over the past year, currently trading around $100.77.

Wall Street analysts, citing data from the investment information platform InvestingPro, diagnosed that MicroStrategy's stock price volatility (beta) is extremely high, reaching 3.54. In terms of corporate financial structure, it is reported that due to the downward pressure from the cryptocurrency market, the company is discussing with distressed debt fund and investment bank Moelis & Co. a plan to swap preferred shares for common shares or other securities at a discount. Conversely, Cantor Fitzgerald, after meeting with MicroStrategy Chairman Michael Saylor, highly praised the efforts to improve the capital structure and maintained its "Overweight" rating and a target price of $212.

[Article Key Summary]

-CryptoQuant analyzed that if the NUPL 100-day exponential moving average indicator repeats past bear market bottom patterns, Bitcoin's price could fall below $58,000.

-With Bitcoin currently trading above $60,000, the indicator value stands at 0.215, leaving room for further decline below the 0 line, which was a cyclical bottom in the past.

-Experts are monitoring trends over the next few weeks, presenting two scenarios: a traditional path where the indicator breaks the 0 line, and a scenario where a bottom forms above the 0 line due to a gradually shallowing downtrend.

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