Benchmark Co. analyst Mark Palmer has set a price target range of $22 to $38 for BTDR, the company’s Nasdaq-listed stock. With shares trading near $10 to $11, the upper end of that range implies roughly 150% upside from current levels. Zero Bitcoin, full commitmentBitdeer reported holding zero Bitcoin as of February 20, 2026, having liquidated its entire treasury to fund the AI transition. Multiple firms currently carry Buy ratings on BTDR, with consensus price targets clustering around $22 to $23. The $22 consensus target represents the base case where execution is solid but not exceptional.