Citigroup’s Top Crypto Stock Picks Are Circle And Bullish

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Analysts at Wall Street bank Citigroup (NYSE: $C) say Circle Internet Group (NYSE: $CRCL) and Bullish (NYSE: $BLSH) are the two best cryptocurrency stocks to buy now.

Citigroup remains constructive on the crypto sector despite ongoing legislative uncertainty surrounding digital asset regulations and volatile price movements in Bitcoin (CRYPTO: $BTC).

Analysts at Citigroup say that their top overall pick in the crypto space is stablecoin issuer Circle, which the bank rates a buy with a $243 U.S. price target.

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The price target on CRCL stock is 97% higher than where the shares currently trade. Citigroup remains bullish on Circle Internet Group even after the stock has gained 48% this year.

The analysts see expanding monetization opportunities for Circle’s USDC (CRYPTO: $USDC) stablecoin and say that the company is well-positioned to capitalize on agentic artificial intelligence commerce.

Citigroup’s other top pick is cryptocurrency exchange Bullish, which caters to institutional clients rather than individual retail investors.

However, while Citigroup maintains a buy rating on BLSH stock, the bank lowered its price target on the shares slightly to $65 U.S. from $67 U.S. previously.

The lowered price target is mostly due to Citigroup’s updated forecast for Bitcoin, which the bank expects to remain volatile in the near-term.

Still, Citigroup says that it expects continued growth as Bullish gains a deeper presence with U.S. institutional customers, noting that the company recently launched options trading.

Citigroup also likes that Bullish reported a 70% increase in its spot trading volumes in February compared to January.

Despite ongoing price volatility in Bitcoin and other cryptocurrencies, Citigroup says that investors should continue looking for opportunities in the digital asset space.

BLSH stock has declined 2% this year to trade at $38.54 U.S. per share.