“Circle remains the bank’s top pick in the sector, with Bullish and Coinbase following.”, — write: www.coindesk.com
“Despite recent token volatility, we remain bullish on digital assets stocks,” wrote analysts led by Peter Christiansen, in a Friday report.
Issuer of the USDC stablecoin, Circle Financial (CRCL) remains Citi’s top pick, with the team reiterating its $243 price target even after the stock’s large recent drop to the current $83.60.
Christiansen’s next top picks were Bullish (BLSH) and Coinbase (COIN). “We see BLSH in the sweet spot benefiting from rising institutional (particularly in the US) and TradFi participation,” he wrote. BLSH’s price target was cut to $67 from $77, still sizable upside from the current $44. COIN’s price target was held at $505 versus its current $242.
Buy-rated Strategy (MSTR) also received a price target cut following its recent plunge to the $160 area. The new price objective of $325 from $485 previously still suggests about a 100% upside.
The bank also remains positive on bitcoin miner Riot Platforms (RIOT), although cutting its price target to $23 from $28. Riot was recently changing hands at $14.
The team also cut its price objective for neutral-rated Gemini (GEMI) to $13 from $16, citing “increasing competitive challenges.” Shares were trading at about $11 on Friday morning.
Read more: Bitcoin Weakness Sends a Warning to Stocks, but Liquidity May Soon Turn, Citi Says
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
- Citigroup’s base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
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