[Wall Street's Three Firms Maintain Buy Ratings for Multiple Crypto Companies]
According to The Block, Benchmark, TD Cowen, and Mizuho have maintained buy ratings for Bitdeer, DeFi Technologies, Strive, and Gemini. Benchmark reiterated its $27 price target for Bitdeer, citing the significant value of its approximately 3.0 GW power assets and AI cloud business, with the latter's annual recurring revenue increasing from $10 million to $69 million. TD Cowen raised Strive's price target to $30, projecting its Bitcoin yield to reach 26.1% by 2026. Mizuho lowered Gemini's price target from $12 to $10, noting that despite a more than 50% drop in Q1 trading volume, trading revenue remained stable.
