ChainCatcher news, brokerage firm Bernstein has lowered the target prices for several listed Bitcoin mining companies, including IREN, CleanSpark, and Riot Platforms, as these companies' stock performances have significantly lagged behind BTC so far this year. Analyst Gautam Chhugani explained that Bitcoin mining companies have experienced painful adjustments this year, falling 20-40%, while Bitcoin has dropped 10%. Overall, the price trends of listed mining companies have been disappointing, with no significant increase in the fourth quarter of last year, and their performance year-to-date has been worse than Bitcoin's adjustments.However, Bernstein analysts maintained their target price of $200,000 for Bitcoin by the end of the year.

ChainCatcher message, Goldman Sachs has lowered its target price for the S&P 500 index at the end of 2025 from 6,500 points to 6,200 points, reflecting the institution's adjustment of its fair forward price-to-earnings (P/E) ratio estimate from 21.5 times to 20.6 times, a decrease of 4%.At the same time, it has lowered the expected earnings per share (EPS) for index constituents, with the 2024 EPS expectation reduced from $268 to $262, and the 2025 expectation lowered from $288 to $280.