The broker said bitcoin mining still drives nearly all sector revenue even as the narrative shifts toward AI.

The Wall Street broker said Hut 8’s shift to energy infrastructure from bitcoin mining makes it a unique bet on AI, HPC and future power-hungry technologies.

The investment bank upgraded the stock to buy from neutral and set a new price target of $25.

The bank noted that bitcoin and ether are once again moving in step with U.S. equities and gold.

The bank is working with Coinbase to streamline digital asset payments for institutional clients.

The move positions the company to scale its regulated platform across securities, real estate and digital assets as tokenization gains mainstream momentum.

The token has support in the $3.48-$3.485 zone and resistance at $3.60.

The token has support at $1.625 and resistance in the $1.634-$1.685 zone.

Gemini’s trading growth is slowing despite strong card sign-ups and app downloads, said Citigroup, while Bullish momentum is accelerating.

Analysts from the banking giant upgraded Coinbase to overweight from neutral and raised its price target on the stock to $404 from $342.