Wall Street Call: TD Cowen Targets $225,000 Bitcoin By 2027

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In a world constantly brimming with expectation and hyperbole, TD Cowen emerges from the mists of Wall Street to offer a vision-a vision where Bitcoin, that volatile and mysterious beast, might someday command a lofty price of $225,000 per coin by 2027. And should the stars align perfectly, this very same coin could shoot up to a staggering $450,000. But don’t get too excited, for the firm admits that these predictions are not carved in stone, like Moses’ tablets, but mere “scenarios.”

TD Cowen’s Bitcoin Outlook

On a rather unremarkable February day, the 24th to be precise, TD Cowen shared its forecast, rooted in assumptions so bold that they would make even the most seasoned traders pause and scratch their heads. The “aggressive scenario” hinges on two things: the tokenization of assets increasing by an absurd factor of 100 times, and the transaction speed of these tokenized assets slowing by 90%. According to their research, this combination could possibly inflate Bitcoin’s value by five times, pushing it to a jaw-dropping $450,000 per coin.

But before anyone gets too comfortable with the idea of purchasing their dream mansion with a single Bitcoin, let’s put things into perspective. The firm’s “base case” expectation is far more modest. The real target they’re gunning for is a mere $225,000 by 2027, which is, of course, a far more sensible approach than dreaming of Bitcoin becoming the new global currency for all things, including perhaps an afternoon snack.

In a flourish of caution, TD Cowen takes a moment to remind us that their methodology isn’t some crystal ball prophecy but a series of well-educated assumptions. Among these assumptions is the idea that tokenization-turning real-world assets like equity securities into digital tokens-will grow, despite the fact that no one truly knows how or when this might unfold. The caveat here is that while these assumptions are based on current trends, the future is as unpredictable as a cat in a room full of rocking chairs.

The firm’s theory is simple: if tokenized assets spread like wildfire, and if the speed at which these assets are transacted slows to a crawl, Bitcoin’s value might rise in tandem with the sluggish velocity of these transactions. But, again, this isn’t a law of physics-it’s more of a “what-if” scenario, a delicate balance between tokenization adoption and transactional behavior that could drastically reshape demand conditions in the crypto world.

There’s another wrinkle in TD Cowen’s narrative, a wrinkle that could send shockwaves through the crypto world: government policy. The firm has its eyes on legislation, particularly the CLARITY Act, which could (fingers crossed) establish clear rules for staking, custody, and trading platforms. Yet, TD Cowen suggests that the true challenge may not be technical, but political. After all, the White House and Senate Democrats are bound to raise a few eyebrows over the ethics of elected officials, including the President himself. Because, you know, ethics and Bitcoin have always gone hand-in-hand, right?

According to TD Cowen, we can expect Congress to act in 2026, though-let’s be real-there’s always a chance that this “action” gets delayed, spilling over into 2027. But fear not, dear reader, for even in the face of such uncertainty, the firm remains optimistic about Bitcoin’s future, even if their track record is, shall we say, less than stellar. After all, last October, when Bitcoin was sitting comfortably at $111,000, they predicted it would reach $141,000 by December. Instead, it closed the year at a humble $88,000. Ah, the sweet taste of humble pie.

And now, as we find ourselves at present, Bitcoin is trading at a cool $65,422. But who’s counting, right? Let’s see where it lands by 2027.

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2026-02-25 18:12