Wall Street Bullish on BitGo (BTGO) with Multiple Buy Ratings

BitGo Holdings, Inc. (BTGO) is commanding Wall Street's attention as analysts overwhelmingly initiate coverage with bullish ratings. Mizuho led the charge with an Outperform rating and $17 price target, emphasizing the firm's institutional-grade custody infrastructure and resilient recurring revenue model. "BitGo's scale and custody-first approach position it uniquely in volatile markets," noted analyst Dan Dolev.

Canaccord and Clear Street echoed this optimism, assigning Buy ratings with $15 and $18 targets respectively. Clear Street projects a 30% net revenue growth runway and 60% EBITDA CAGR through 2028, driven by subscription services and stablecoin fee streams. Only Goldman Sachs struck a cautious note with a Neutral rating at $11.50.

The consensus highlights BitGo's dominance in institutional digital asset custody—a sector gaining traction as traditional finance embraces crypto infrastructure. EBITDA margins are expected to nearly double to 29% by 2028, underscoring the scalability of its custody-driven model.