Scott Melker, host of The Wolf Of All Streets podcast, shared a significant update regarding institutional sentiment on Bitcoin on X today, October 9, 2026. Melker, a prominent voice in the cryptocurrency space, reported that financial services firm TD Cowen has substantially increased its price predictions for Bitcoin. He posted, "LATEST: TD COWEN RAISES ITS BITCOIN $BTC PRICE FORECAST TO $109,000 BY THE END OF 2026 AND $280,000 BY 2029, CITING STRONGER-THAN-EXPECTED MARKET PERFORMANCE." This revised outlook from TD Cowen provides specific, higher targets for the leading digital asset, reflecting an updated analysis of its market potential and future valuation.
The Bitcoin market has shown resilience, with the asset trading at $82,397 as of 2026-10-09T05:20 UTC, experiencing a modest -0.5% dip over the last 24 hours. The Crypto Fear & Greed Index currently registers 59, indicating a "Greed" sentiment among market participants. Recent Gokhshtein Media coverage noted the U.S. government's transfer of $1 billion in seized Bitfinex Bitcoin to an undisclosed wallet, alongside reports from Pete Rizzo detailing Grant Cardone's $3 million Bitcoin purchase.
TD Cowen's raised forecast suggests a continued bullish perspective from institutional analysts on Bitcoin's long-term value. The firm's reasoning, as conveyed by Melker, attributes these elevated price targets to stronger-than-expected market performance, indicating a belief in sustained upward momentum for the cryptocurrency. This update could influence how investors and market watchers perceive Bitcoin's trajectory, providing benchmarks to observe as the market progresses towards the end of 2026 and into 2029.
