Crypto Stocks: Citi Slashes Forecasts Across Board - Only GLXY Survives Cuts. Time to Buy?

Citigroup issued a stark warning to crypto equity investors on March 19, slashing 12-month price targets for major cryptocurrency companies and predicting a potential 10% correction. The bank cited regulatory delays, specifically the stalled CLARITY Act, as the primary catalyst, simultaneously lowering its Bitcoin forecast from $143,000. Amid broad downgrades, only one crypto-focused firm, Galaxy Digital (GLXY), saw its outlook maintained, creating a stark divergence in Wall Street's increasingly fractured view of the sector.

Should You Invest in Galaxy (GLXY)?

Galaxy Digital’s latest quarterly report, for the third quarter of 2025, had a number of bright spots. The company reported net income of $505 million, a massive increase of about 1,500% on a sequential basis. These gains were largely the result of the firm’s Global Markets business. Digital asset trading volumes surged by 140% year-over-year (YOY) to all-time high levels, and average loan book size expanded to $1.8 billion. The company also executed a notional Bitcoin sale of $9 billion.

Galaxy’s Asset Management & Infrastructure Solutions business is also thriving, as it saw more than $2 billion of net inflows for the quarter and ended the period with almost $9 billion in assets under management. The company continues to draw long-term staking and asset management agreements with digital asset treasury companies, solidifying its core business.

All in all, GLXY looks like a good investment option in the crypto stock market compared to its peers. When other crypto stocks inevitably catch up, GLXY could be an early contender for crypto stock of the year.