Siebert Financial’s head of digital assets research, Brian Vieten, says Bitcoin could reach $175,000 within the next 12 months, while the firm’s target for Strategy is $350 per share. The outlook was discussed in an interview reported by Bitcoin Magazine.
Vieten’s case begins with Bitcoin’s June decline to around $58,000. He described that level as a point of seller exhaustion across several parts of the crypto market, including miners, exchanges, corporate treasury companies and lenders. From there, he pointed to changes in market structure and sources of demand that he believes could support a move higher.
Bitcoin target rests on demand and market structure
A central part of the argument is the continued demand seen through exchange-traded funds. Vieten characterized ETF capital as “sticky,” making the products an important change in how investors gain exposure to Bitcoin. ETFs are investment vehicles that hold or track an underlying asset, allowing investors to access its price through a regulated market product rather than directly holding the cryptocurrency.
The discussion also covered the changing Bitcoin lending market and the role of large banks. Vieten linked these developments with the potential for broader institutional participation, while also arguing that the GENIUS Act, stablecoins and tokenization could create additional demand. Stablecoins are digital tokens designed to maintain a relatively stable value, while tokenization refers to representing assets or rights digitally on a blockchain.
Vieten said the GENIUS Act gives Bitcoin “a clean runway” from current levels. The source material does not specify the Act’s provisions, but presents it as part of the regulatory and market backdrop discussed in his outlook. He also addressed whether Bitcoin’s traditional four-year cycle remains relevant and what institutions may require before increasing their allocations.
Strategy target tied to Bitcoin price
Siebert Financial has a Buy rating on Strategy and a $350 price target, according to the discussion. The target is based on the firm’s $175,000 Bitcoin forecast and does not assume an expansion in mNAV.
mNAV, or market net asset value, is a way of comparing a company’s market value with the value of its underlying assets. The reference to no mNAV expansion means the Strategy target is not dependent on investors assigning the company a higher valuation multiple relative to its Bitcoin holdings.
Vieten also described Strategy’s “digital credit engine” and its tax advantage as elements of the investment case. The interview compared Strategy’s target with those of newer digital-asset treasury companies, but the source material does not provide separate price targets or valuation figures for those companies.
Moneyiar market picture
Moneyiar data at 22:39 on October 19, 2026, showed Bitcoin at $82,007.95, up 0.62% over 24 hours but down 0.48% over seven days. Aethir was priced at $0.005431633, gaining 2% over 24 hours and losing 11.2% over seven days. RedStone stood at $0.138060623, up 1.04% in 24 hours and down 10.67% over the week.
The $175,000 figure is Siebert Financial’s stated outlook, not a guaranteed result. The interview’s views were presented for informational and educational purposes and do not constitute investment advice or a recommendation to buy or sell financial instruments.
