--- title: "Siebert Financial analyst sets $175K Bitcoin target, $350 Strategy target" description: "Brian Vieten, head of digital assets research at Siebert Financial, told Bitcoin Magazine that the firm sees Bitcoin reaching $175K within the next 12 months and Strategy hitting $350 a share alongside it. He says the June low near $58K marked seller exhaustion across miners, exchanges, treasury…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-20b-aum-siebert-analyst-bitcoin-2477485f7767f1" published: 2026-10-20T09:07:16.000Z updated: 2026-10-20T10:23:00.000Z indexable: false --- # Siebert Financial analyst sets $175K Bitcoin target, $350 Strategy target Brian Vieten, head of digital assets research at Siebert Financial, told Bitcoin Magazine that the firm sees Bitcoin reaching $175K within the next 12 months and Strategy hitting $350 a share alongside it. He says the June low near $58K marked seller exhaustion across miners, exchanges, treasury… Attributed sources: [Bitcoin Magazine]() ## Key facts Brian Vieten, head of digital assets research at Siebert Financial, told Bitcoin Magazine that the firm sees Bitcoin reaching $175K within the next 12 months and Strategy hitting $350 a share alongside it. He says the June low near $58K marked seller exhaustion across miners, exchanges, treasury companies and lenders, and cites sticky ETF demand, Strategy's digital credit engine and the GENIUS Act. Evidence strength: Single source, 1 publisher group(s) (Bitcoin Magazine); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: +0.01% (20/10/2026, 09:07 → 20/10/2026, 09:12, UTC; OKX · USDT); 1 hour: +0.14% (20/10/2026, 09:07 → 20/10/2026, 10:07, UTC; OKX · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 20/10/2026, 09:07, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.01% | +0.01% | 0.00 pp | 20/10/2026, 09:07 → 20/10/2026, 09:12 | OKX · USDT | | 1 hour | +0.14% | +0.14% | 0.00 pp | 20/10/2026, 09:07 → 20/10/2026, 10:07 | OKX · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 20/10/2026, 09:07 | ## Claims and open questions - Siebert Financial sees Bitcoin reaching $175K within the next 12 months, according to Brian Vieten, its head of digital assets research. - Siebert holds a Buy rating and a $350 price target on Strategy, based on the $175K Bitcoin forecast and not assuming any mNAV expansion, Vieten said. - Vieten said the June low near $58K marked exhaustion across miners, exchanges, treasury companies and lenders. - The publication does not state the methodology behind the $175K Bitcoin figure beyond Vieten's interview comments; the underlying model, timeframe assumptions and any written research note would confirm it. - The $350 Strategy target is described as resting on the $175K Bitcoin forecast; the full valuation assumptions and any formal published report would confirm it. - The claim that the June low near $58K marked seller exhaustion across miners, exchanges, treasury companies and lenders is Vieten's characterization; supporting on-chain or exchange data would be needed to assess it. ## Source evidence - [$20B AUM Siebert Analyst: Bitcoin to $175K in 2027]() — Bitcoin Magazine; published 19/10/2026, 12:35; received 20/10/2026, 09:07 (UTC). ## Recent BTC events and market reactions - [US spot bitcoin ETFs return to net outflows with $636 million withdrawn]() — Published 23/10/2026, 07:09 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m -0.02% / 1h +0.13% - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bittensor (TAO): Bitcoin beta, volatility and the AI crypto narrative]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.