12 Most Promising Blockchain and Crypto Mining Stocks According to Hedge Funds

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1. Coinbase Global, Inc. (NASDAQ:COIN)

Number of Hedge Fund Holders: 87

With significant hedge fund interest, Coinbase Global, Inc. (NASDAQ:COIN) secures a spot on our list of the 12 most promising blockchain and crypto mining stocks according to hedge funds.

On October 20, 2025, Compass Point increased its price target on Coinbase Global, Inc. (NASDAQ:COIN) from $248 to $277, maintaining a “Sell” rating.

The investment firm’s decision to raise its target reflects August’s crypto rally. However, the firm warned of persistent volatility in Coinbase Global, Inc. (NASDAQ:COIN)’s shares. The company’s shares have fallen after each of the past five earnings releases.

Yet Compass Point expects a third-quarter revenue beat of 2%, without factoring in the $43 million boost from the acquisition of Deribit in August. Furthermore, it projected adjusted EBITDA to be 3% higher, supported by $29 million from the same deal. These gains are expected to be driven by Subscription & Services revenue, the investment firm noted.

Coinbase Global, Inc. (NASDAQ:COIN), a cryptocurrency trading and custody platform, serves retail, institutional, and developer clients by offering brokerage, liquidity, and on-chain infrastructure services globally.

While we acknowledge the potential of COIN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COIN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Safest Stocks to Invest in Now and 10 Best Non-Tech Stocks to Buy According to Reddit.

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