[TD Cowen: Raises Bitcoin Year-End Prediction to Approximately $109,000] According to The Block, investment bank TD Cowen has raised its year-end 2026 Bitcoin price prediction to approximately $109,000 (previously lowered to $97,500 in early September) and expects it to reach $280,000 by 2029. TD Cowen also maintains a Buy rating for MicroStrategy (MSTR) with a target price of $260. Analysts Lance Vitanza and others stated that the rise in Bitcoin prices is expected to enhance MicroStrategy's profitability potential, but the expansion of its capital structure and related dilution weakens the per-share benefits.