Bernstein, a leading brokerage firm, has initiated coverage for MicroStrategy's stock with an 'outperform' rating and set a price target at $2,890. The firm has increased its Bitcoin price target by 30% to $200,000 by the end of 2025, citing the potential benefits of MicroStrategy’s long-term investment in Bitcoin and its strategy of leveraging convertible debt. MicroStrategy holds a significant position in Bitcoin, planning further acquisitions through a $500 million bond sale.