Wall Street analysts increasingly value crypto firms as infrastructure, AI and capital markets platforms
The Block
Wall Street analysts are pivoting to value crypto companies as diversified platforms for AI infrastructure, capital markets, and financial utilities rather than pure-play assets.Summary
Wall Street analysts from Benchmark, TD Cowen, and Mizuho have issued bullish ratings on crypto-linked firms including Bitdeer, DeFi Technologies, Strive, and Gemini. The firms argue that these companies are evolving beyond traditional trading businesses into critical AI infrastructure providers, capital markets utilities, and structured finance platforms. Despite some price target adjustments due to market valuation shifts, analysts emphasize that these companies' long-term value is increasingly driven by their specialized infrastructure, such as Bitdeer's power portfolios and Gemini's clearing technology.
(Source：The Block)