On Friday, Bitcoin rebounded to around $83,000, and the stock prices of Coinbase and Strategy under Michael Saylor also saw a recovery. However, this world's largest cryptocurrency is still about 34% lower than its historical high.
Coinbase and Strategy stock prices rise with Bitcoin's rebound
Market reports show that the stock price of Coinbase rose by nearly 5% during trading on Friday; the stock price of Strategy once increased by about 2.2% before the market opened.
As investors cautiously return to stocks related to cryptocurrencies, the stock price of Robinhood has also risen.
Bitcoin rose by about 1% to 1.5% within 24 hours, rebounding from the level of $81,000 seen on the previous trading day.
Brent crude oil fell by about 1.5% to around $103 per barrel, which helps to alleviate the market's immediate concerns about inflation and further monetary tightening.
For Coinbase, improved cryptocurrency prices help to support trading volume and transaction revenue. However, its stock price also reflects market expectations regarding institutional services, subscription income, and regulatory progress.
Morgan Stanley raised the target price of Coinbase from $250 to $258, while Citizens lowered the target price from $325 to $280.
Strategy represents a different investment logic, as its stock price is highly correlated with the company's substantial Bitcoin reserves.
The company recently purchased an additional 334 bitcoins, bringing its disclosed holdings to 848,000 bitcoins.
Why is Bitcoin still 34% lower than its record high?
Bitcoin once rose to around $126,080 in October 2025, before entering a period of sustained correction.
This cryptocurrency once approached $58,000 in the summer of 2026, and then rebounded by more than 40% from its low point.
However, this round of rebound has been continuously suppressed by the tightening financial environment.
Rising yields on U.S. Treasury bonds have made income-producing assets more competitive; meanwhile, higher oil prices have intensified concerns about inflation and reduced the market's expectations for the Federal Reserve to loosen its policies.
The recent sell-off of Bitcoin below $83,000 demonstrates how quickly these pressures can trigger leveraged liquidations.
Can Bitcoin return to around $100,000?
The next challenge for Bitcoin is to regain the range of $85,000 to $87,000; previous attempts at recovery have all been hindered in this area.
Citigroup recently raised its 12-month target price for Bitcoin to $113,000, indicating that some institutional analysts still expect further increases in Bitcoin prices.
At the same time, QCP Capital considers the range of $80,000 to $82,000 as a potential buying zone, and this view is also reflected in Coinpaper's latest BTC price outlook report.
