Optimistic cryptographic platform (BLSH)The parent company of Coindesk, received a certain number of ratings of Wall Street analysts on Monday, while brokerage companies have launched coverage of action after its recent IPO.
Rosenblatt Securities began coverage with a purchase note and a price target of $ 60, citing the change in American political wind and increasing institutional adoption as key growth catalysts, the broker said in a research report on Monday.
The cabinet argues that Bullish, one of the greatest regulated institutional exchanges, is well placed to capitalize on what he calls a “spectacular improvement” in the American political environment for digital assets.
Although it is not yet served as American customers, Bulnish has already managed more than $ 500 billion in annual trading volume, a Rosenblatt scale considers evidence of demand.
The next American launch should be a major catalyst, noted the broker, while the passage of the Genius Act has opened a new opportunity in stablecoins. Rosenblatt believes that revenues related to the stable reserve could provide recurring income less exposed to commercial volatility.
Stablecoin values are linked to assets such as US dollar or gold. They play a major role in the cryptocurrency markets which provide, among other things, a payment infrastructure, and are also used to transfer money internationally. The sector has a market capitalization of around $ 280 billion, show Coigecko data and is dominated by the USDC de Tether and Circle Internet.
The property of the media by the bullet and the potential expansion in the retail trade add more to the increase, according to the note. On this basis, Rosenblatt values the action at 31x of the Baiia adjusted in 2027, underlying its objective of $ 60.
The catalyst “ Bitlidense ”
The Rival Canaccord Genuity broker also launched the height rating coverage with a purchase note and a price target of $ 68, highlighting the growing institutional traction and the chicken by a bit of the New York Bitlicense.
Founded in 2020, Bullish quickly became a major player in crypto trading, recently leading global regulated exchanges in points of points trading against Bitcoin ether (Eth)And Stablecoins, according to the report.
The company extended beyond negotiation with the acquisitions of Coindesk in 2023 and CCData in 2024, adding media, data and information services to its activity sectors.
Canaccord analysts also note the role of Bullish in emerging “Stablecoin wars”, supporting issuers like Paypal (PYPL) and general company (Gle) With lists, liquidity and promotion.
Already dismissed in Europe and Asia, the bullish should obtain a bit of learning, opening access to American institutional customers, analysts wrote.
Despite conservative assumptions in its forecasts, including the price of flat bitcoins until 2027, Canaccord points to the early profitability of Bullish, the reinforced assessment of $ 2.4 billion in bitcoin and long -term growth prospects as reasons of optimism.
Market share capture
Meanwhile, the Bernstein broker launched a bullish coverage with a market note and a price target of $ 60, highlighting the experienced exchange management team and its ambition to become the second largest institutional platform after Coinbase.
This result, says the company, depends on a successful launch in the United States in 2026, where Coinbase is currently dominating, but opportunities emerge around stablescoins, market data and clues. The property of Bullish de Coindesk also offers a potential option if it moves in the retail exchange services.
“We expect the bullish capture ~ 8% of market share in the volumes of institutional cryptography at the American point by 2027th, while the market share of the world point remains at ~ 7%”, wrote the analysts led by Gautam Chhugani.
Side side by evaluation
Wall Street JPMorgan Bank (JPM) Also launched a bullish coverage, awarding the crypto exchange operator a neutral note and a price target of $ 50.
Like Bernstein, the JPMorgan analyst also underlined the experienced Bullish management team and its ability to navigate the landscape of rapid digital assets.
The bank analyst said that growth will probably be fueled by the increase in institutional demand for exposure to cryptography and the growing role of tokens and stablecoins in commercial activity.
Bullish is also well placed to develop on the American market, based on its existing foot in Europe and Asia. According to the bank, another growth engine will be its liquidity service activity, where clearer regulations could widen the range of blockchains and chips supported, creating a stronger environment for exchanges like the bullish.
However, JPMorgan noted that the current scale of the company remains limited compared to its market opportunities. With the company in what the bank called a “critical point of maturity”, analysts said that evaluation problems justified the stay on the sidelines for the moment.
The shares traded from 3.6% down, or about $ 50.53, at the time of publication.
Find out more: Bulnish obtains prudent perspectives of Compass Point
