TD Cowen slashed its price target by 35% for shares of Strategy (MSTR) on Tuesday, recalibrating expectations as Bitcoin continues struggling to build momentum. Analysts led by Lance Vitanza lowered their price target for Strategy to $260 from $400 to reflect Bitcoin’s “observed ongoing weakness,” according to a note. The investment bank now foresees the digital asset hitting $100,000 by year’s end, as opposed to $140,000 previously.