We study the dc magnetization of a Bi_1.94Fe_0.06Se_3 single crystal in the temperature range of 1.9 to 400 K in applied magnetic fields up to 70 kOe for two sample orientations in the applied field. We register three magnetic phase transitions and observe considerable anisotropy of the magnetic properties. The coercive force varies with temperature in a nonmonotonic manner. For the sample in a paramagnetic state, we estimate its magnetic moment per iron atom; its Curie–Weiss temperature is found to be negative. Arrot–Belov plots are constructed.