Citi Analysts Identify Top Crypto Stocks Amid Regulatory Uncertainty

Citi analysts have identified two top crypto stocks that investors should consider despite ongoing regulatory uncertainty in the sector. The analysts, who maintain their Buy ratings on the stocks, believe that they are well-positioned to benefit from expanding stablecoin adoption and institutional growth.

The first stock, Circle Internet Financial, is Citi's top overall pick with a $243 price target. The company has seen significant growth in recent months, with its USDC stablecoin being used as a potential default settlement rail for agentic commerce. Circle's Arc Blockchain is currently in testnet and is expected to launch on mainnet later this year.

The second stock, Bullish Group, has gained approximately 55% since earnings due to strong monthly volumes in January and February. The company has seen positive momentum with U.S. institutional customers following its New York BitLicense approval. Bullish launched options trading in late 2025 and is expected to continue growing.