Michael Saylor-backed Strategy (MSTR) fell in pre-market trading on Friday as Bitcoin (BTC) struggled below $80,000 and Bernstein slashed its price target by $100.

The firm also pushed its forecast for Bitcoin to hit $150,000 by a year. Bernstein previously expected Bitcoin to reach $150,000 by the end of 2026 and saw the next cycle peak at around $200,000 in 2027. The new forecast pushes the $150,000 level to mid-2027 and the next major peak to $300,000 in 2029.

MSTR stock fell as much as 1.6% in pre-market trade, while Bitcoin’s price slipped over 1% to around $78,300 after breaching $80,000 in the previous session. On Stocktwits, retail sentiment around both assets continued to trend in ‘extremely bullish’ territory over the…