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TD Cowen Cuts Nakamoto Price Target 58% on Bitcoin Outlook Reset Thumbnail
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TD Cowen Cuts Nakamoto Price Target 58% on Bitcoin Outlook Reset

High Conviction

TD Cowen cut its price target on Nakamoto by 58% after resetting its Bitcoin outlook, sharpening its stance on how a shifting crypto view flows through to Bitcoin-linked equities and marking a major revision to the firm's expected upside for the stock.

Thiago Alvarez3 min readJul 27, 2026
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