Not directly, but certain countries create regulation and policy related to Bitcoin will have butterfly effect, one of which is how the adoption of Bitcoin by big companies, especially if the company reside and is subjected to the policy or regulation. And Company adoption to Bitcoin will certainly affect the sentiment toward Bitcoin and will affect the Bitcoin price. Not only Big company, Bitcoin 'retail' user will also affected by certain countries regulation if they subjected to the regulation.
That being said, Government regulation is not the sole factor, not even the biggest factor of Bitcoin price. There are other factors like economic condition, mainstream adoption, etc.