In this article, we discuss the 13 Best Cryptocurrency Stocks to Buy According to Wall Street Analysts.
Cryptocurrency investors have performed exceedingly well lately, and the trend appears to be set to continue. Bitcoin’s rally by more than 90% over the past year underscores the significant returns in the burgeoning sector. A highly accommodating regulatory environment, amid Trump Administration policies, is one factor that has revitalized prospects and sentiments in the industry.
The US Senate’s passage of a bill creating a regulatory framework for US-dollar-pegged cryptocurrency tokens, also known as stablecoins, has also emerged as a watershed moment for the digital asset industry.
The GENIUS Act paves the way for tokens backed by liquid assets such as treasury bills and the US dollar. The act is the result of more than $119 million spent by the sector in lobbying legislators for friendly cryptocurrency regulations.
“It is a major milestone. It establishes, for the first time, a regulatory regime for stablecoins, a rapidly developing financial product and industry,” said Andrew Olmem, a managing partner at law firm Mayer Brown.
The cryptocurrency sector has received another boost with the Securities and Exchange Commission’s approval of proposed listing rule changes. The new rules allow exchanges to adopt generic listing standards for new cryptocurrencies and other spot commodity exchange-traded products.
It marks new milestones in the Trump administration’s bid to bring crypto assets to the mainstream. The US Securities and Exchange Commission Chair, Paul Atkins, has already reiterated his commitment to fostering innovation in the sector and reducing barriers to digital asset products.
“This is a watershed moment in America’s regulatory approach to digital assets, overturning more than a decade of precedent since the first bitcoin ETF filing in 2013,” said Teddy Fusaro, president of Bitwise Asset Management.
The US cryptocurrency market is projected to grow at a compound annual growth rate of 12% between 2023 and 2030. Friendly regulations, raising awareness of blockchain technology, and increased adoption of cryptocurrencies by mainstream financial institutions will accelerate the growth.
Amidst the expected growth, let’s examine the best cryptocurrency stocks to buy, as recommended by Wall Street analysts.
Our Methodology
To identify the best cryptocurrency stocks to buy according to Wall Street analysts, we sifted through ETFs and financial media reports. We then selected companies with significant exposure to cryptocurrency and blockchain technology. Finally, we settled on stocks with analysts expecting more than 20% (as of September 19) and popular among elite hedge funds (as of Q2 2025). Finally, we ranked the stocks in ascending order based on their upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is straightforward: our research has demonstrated that we can outperform the market by replicating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Best Cryptocurrency Stocks to Buy According to Wall Street Analysts
13. Intercontinental Exchange, Inc. (NYSE:ICE)
Stock Upside Potential: 21.35%
Number of Hedge Fund Holders: 84
Intercontinental Exchange, Inc. (NYSE:ICE) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 4, the company announced that total open interest in its network increased 13% year-over-year, reaching a record high of 106.1 million lots.
The open interest increase occurred as the exchange experienced growth across multiple segments, with energy open interest rising 6% compared to the same period in the previous year. Brent Crude open interest was up 16% as Oil Ol posted a 14% increase. In the agricultural markets, open interest in Sugar was up 4% year over year.
The record open interest underscores how global institutions rely on ICE benchmark contracts for hedging and portfolio management. The company’s diversified exchange portfolio, which includes cryptocurrencies, energy, financials, and equities, remains well-positioned to capture trading demand in volatile markets.
Intercontinental Exchange, Inc. (NYSE:ICE) is a global company that provides exchange and clearing services, financial data, and technology solutions for various markets. In the cryptocurrency market, it offers data services and futures contracts for digital assets through its regulated exchanges, such as ICE Futures Singapore, and previously operated Bakkt, a digital asset platform for institutional and consumer use.
12. Bitdeer Technologies Group (NASDAQ:BTDR)
Stock Upside Potential: 23.46%
Number of Hedge Fund Holders: 12
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 16, the company unveiled SEALMINER A3 series Bitcoin mining machines.
The A3 machines are available in both air-cooling and hydro-cooling models, incorporating SEAL series mining chips manufactured using advanced process nodes. The A3 Pro Hydro models are designed to deliver a hashrate of 660 TH/s, while the A3 Pro Air model achieves 290 TH/s.
The higher hashrate fulfills the requirement for large-scale mining operations while ensuring energy efficiency and environmental sustainability. In addition to the high hash rate, the machines operate with low noise while also reducing power consumption per unit compared to previous models.
Bitdeer Technologies Group (NASDAQ:BTDR) is a technology company specializing in comprehensive solutions for cryptocurrency mining and high-performance AI computing. It manages the entire process, from procuring hardware and building data centers to operating and maintaining mining rigs, offering both proprietary mining services and hosting solutions to other customers through hash rate sharing.
11. MARA Holdings Inc. (NASDAQ:MARA)
Stock Upside Potential: 24.59%
Number of Hedge Fund Holders: 24
MARA Holdings Inc. (NASDAQ:MARA) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 9, at the H.C. Wainwright 27th Annual Global Investment Conference, the company reiterated its plans to maximize profits through innovative practices.
Part of the strategy involves converging high-performance computing and artificial intelligence as the company seeks to unlock new growth opportunities. The company is already exploring ways of acquiring wind farms as it seeks access to renewable energy to reduce its Bitcoin mining costs. It already owns 1.7 gigawatts of capacity, with a pipeline for multi-gigawatt expansion.
“Our story has evolved over a period of time. We used to be an asset light company just two years ago. And last year, we ended up buying 800 megawatts at half the cost of build multiple. And as a result of that, we converted our asset light model to 70% owned and operated, thereby reducing our operating costs or our electricity cost per coin as one of the lowest in the sector,” said Salman Khan, Chief Financial Officer, Mara Holdings.
Additionally, Mara Holdings plans to capitalize on emerging opportunities around the integration of artificial intelligence and Bitcoin mining. The company is already pivoting into artificial intelligence by leveraging its large-scale digital infrastructure and energy to develop AI data centers.
MARA Holdings Inc. (NASDAQ:MARA) is a digital asset technology company specializing in Bitcoin mining, utilizing specialized data centers and hardware to validate transactions. It also functions as an infrastructure company, developing technologies, deploying hardware, securing energy for mining operations, and converting excess energy into economic value.
10. Coincheck Group N.V. (NASDAQ:CNCK)
Stock Upside Potential: 28.76%
Number of Hedge Fund Holders: 10
Coincheck Group N.V. (NASDAQ:CNCK) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 2, the company agreed to acquire Aplo SAS.
The acquisition of the digital asset prime brokerage firm marks a significant step in the company’s mission to establish a presence in the retail and institutional crypto markets. The company is exploring potential opportunities for acquisitions and strategic investments within and outside Japan.
Aplo joins Coincheck with a proprietary institutional trading application and supporting infrastructure. It also boasts of unified liquidity and a strong regulatory foundation. It has grown to support more than 60 active institutional clients, including hedge funds.
“By combining our strengths, we believe we will be better positioned to meet the needs of institutional crypto investors, which includes plans to provide a valuable B2B2C offering to banks looking to make crypto investing available to their customers,” said Gary Simanson, CEO of Coincheck Group.
Coincheck Group N.V. (NASDAQ:CNCK) is a Netherlands-based holding company with its core subsidiary, Coincheck, Inc., operating as a leading cryptocurrency exchange and marketplace in Japan. It offers services for trading digital assets, including Bitcoin and Ethereum, as well as retail crypto services such as NFTs and periodic purchases, and staking services for its customers.
9. Bakkt Holdings, Inc. (NYSE:BKKT)
Stock Upside Potential: 33.53%
Number of Hedge Fund Holders: 2
Bakkt Holdings, Inc. (NYSE:BKKT) is one of the top cryptocurrency stocks to buy, according to Wall Street analysts. On September 10, Clear Street initiated coverage of the stock with a Buy rating and a $14 price target. The bullish stance follows the stock’s impressive 8% gain over the past six months.
According to Clear Street, Bakkt Holdings’ risk-reward profile has improved significantly as the company continues to divest its non-core businesses, including Loyalty and Custody operations. The research firm is also impressed by the company’s move to reposition itself as a blockchain native payment platform.
Bakkt Holdings, Inc. (NYSE:BKKT) provides technology and infrastructure that enable businesses and financial institutions to participate in the crypto economy through its offerings of crypto trading, custody services, and loyalty solutions via Software as a Service (SaaS) and Application Programming Interface (API) platforms. Their solutions allow clients to enable their own customers to buy, sell, and store crypto, manage loyalty programs, and access other digital asset services.
8. CleanSpark, Inc. (NASDAQ:CLSK)
Stock Upside Potential: 51.41%
Number of Hedge Fund Holders: 19
CleanSpark, Inc. (NASDAQ:CLSK) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 3, the company announced that its average hash rate increased by 1.4 EH/s in August, enabling the company to mine 657 Bitcoins.
Daily production during the month averaged 21.20 bitcoin, with a peak single-day production of 21.71 bitcoin. The operational hashrate in the month stood at 50 EH/s with an average operating hash rate of 43.3 EH/s.
The company exited the month with a bitcoin treasury of 12,827, with 3,026 of the coins posted as collateral. In August, CleanSpark took advantage of the high bitcoin prices to sell 533.5 million coins at about $60.7 million.
“While August was a month of leadership transition, CleanSpark remained unwavering in its focus on operational performance and in continuing to grow our bitcoin treasury to build long-term value for all stakeholders,” said Matt Schultz, CEO and Chairman.
CleanSpark, Inc. (NASDAQ:CLSK) is a bitcoin mining company that owns and operates infrastructure to support its mining operations. It also owns and operates data centers, capitalizing on opportunities arising from the artificial intelligence boom.
7. eToro Group Ltd. (NASDAQ:ETOR)
Stock Upside Potential: 56.20%
Number of Hedge Fund Holders: 42
eToro Group Ltd. (NASDAQ:ETOR) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 18, UBS analysts reiterated a ‘Neutral’ rating on the stock and a $58 price target. The stance follows a meeting with Elad Lavi, EVP of Corporate Development & Strategy, which affirmed the company’s industry position.
During the meeting, it became clear that the company is well-positioned for growth as it continues to open new accounts and deepen client relationships. In addition to pursuing organic growth, eToro is also eyeing merger and acquisition opportunities as it strives to drive both product and geographic expansion.
According to UBS, eToro’s third quarter is off to a strong start, expected to drive upside in estimates. Likewise, the research firm believes the stock appears cheap relative to its peers and may have additional upside potential.
eToro Group Ltd. (NASDAQ:ETOR) is a social investing and trading platform that offers cryptocurrency trading, allowing users to buy, sell, and invest in various digital assets, including Bitcoin, Ethereum, and others.
6. Strategy Inc. (NASDAQ:MSTR)
Stock Upside Potential: 61.15%
Number of Hedge Fund Holders: 45
Strategy Inc. (NASDAQ:MSTR) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 8, at the H.C. Wainwright 27th Annual Global Investment Conference, the company’s Chairman, Michael Saylor, reiterated an optimistic vision for Bitcoin and the industry as a whole.
According to Saylor, the industry could be worth between $10 trillion and $20 trillion by 2028, amid heightened Bitcoin adoption, with nearly every household in the US having exposure. Amid the expected growth, the Strategy plans to enter the $80 trillion global credit market with its Bitcoin-backed instruments. The push comes as the company holds nearly 640,000 Bitcoin valued at over $70 billion.
The significant Bitcoin holdings have been the catalyst behind the company generating an impressive 92% return over the past five years. Its cost of capital stands at 14% while Bitcoin returns have reached highs of 55%
Strategy Inc. (NASDAQ:MSTR) is a company that holds Bitcoin as its primary treasury reserve asset. It uses capital from equity and debt financings to strategically accumulate Bitcoin, positioning itself as the world’s largest Bitcoin treasury company.
5. Bit Digital, Inc. (NASDAQ:BTBT)
Stock Upside Potential: 69.87%
Number of Hedge Fund Holders: 27
Bit Digital, Inc. (NASDAQ:BTBT) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 4, the company confirmed that it held approximately 121,252 Ethereum, valued at $532.5 million as of the end of August.
The company had staked 105,031 Ethereum coins, approximately 86.6% of its total holdings, thereby generating 249 ETH in rewards. Consequently, the company is on track to generate an annualized yield of 2.94%.
The total ethereum holdings include 15,084 ETH coins and ETH equivalents held in externally managed funds. It also owns 5,094 ETH presented on an as-converted basis from LsETH.
Bit Digital, Inc. (NASDAQ:BTBT) engages in digital asset production by mining Bitcoin, staking Ethereum to earn yield and grow its treasury, and providing high-performance computing (HPC) infrastructure for artificial intelligence (AI) applications and other uses.
4. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)
Stock Upside Potential: 89.84%
Number of Hedge Fund Holders: 5
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 17, the company acquired a 7.2 megawatt data center in Toronto through BUZZ High Performance Computing subsidiary, as it continues to bolster its high-performance computing capabilities.
It paid CAD$12 million for the facility, in addition to 1 million common shares at CAD$5.25 per share, bringing the total acquisition costs to CAD$17.25 million. The acquisition underscores Hive Digital’s push for growth opportunities in the Canadian digital infrastructure market.
It plans to upgrade the facility to Tier 3 standards to support high-performance computing and artificial intelligence workloads. The acquisition comes as Hive Digital’s Bitcoin mining capacity has reached 18 Exahashes per second, with plans to reach 25 Exahashes per second by year-end.
“By transforming former Bitcoin mining facilities into Tier 3, AI-ready infrastructure, we are capitalizing on one of the most exciting opportunities in the digital economy,” said Frank Holmes, Executive Chairman of HIVE.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a company that builds and operates sustainable data centers for both Bitcoin mining and high-performance computing (HPC) for Artificial Intelligence (AI). It focuses on utilizing renewable energy sources, such as hydroelectric power, to power its operations. It offers investors a way to gain exposure to digital assets through traditional equity markets by mining and holding Bitcoin.
3. Bitcoin Depot Inc. (NASDAQ:BTM)
Stock Upside Potential: 104.08%
Number of Hedge Fund Holders: 21
Bitcoin Depot Inc. (NASDAQ:BTM) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 3, the company confirmed the appointment of Scott Buchanan to the board.
Buchanan will continue to serve as the Chief Operating Officer and as a director on the board. He has served as the Chief Operating Officer since 2022, having previously held the positions of Chief Financial Officer and Principal Financial Officer.
Bitcoin Depot has been on an aggressive hiring spree to strengthen its management team. In August, it appointed Alex Holmes to its board and Audit Committee. The appointments are part of an effort to enhance expertise in strategic guidance as the crypto industry rapidly evolves.
“As we continue to expand our footprint, set new industry standards of compliance, and expand crypto access for customers across North America and beyond, we couldn’t be more thrilled to welcome Alex on board,” said Brandon Mintz, CEO and founder of Bitcoin Depot.
Bitcoin Depot Inc. (NASDAQ:BTM) offers a network of Bitcoin Automated Teller Machines (BTMs) and a retail network that enables users to convert cash into Bitcoin, thereby connecting the cash-based economy to the digital financial system. Users can deposit physical cash into a Bitcoin Depot kiosk and receive Bitcoin in return, which they can then use for payments, spending, or investing.
2. Semler Scientific, Inc. (NASDAQ:SMLR)
Stock Upside Potential: 189.35%
Number of Hedge Fund Holders: 12
Semler Scientific Inc. (NASDAQ:SMLR) is one of the best cryptocurrency stocks to buy according to Wall Street Analysts. On September 16, the company entered into a settlement agreement with the Department of Justice, settling allegations related to False Claims Act violations.
The company agreed to pay $29.75 million, plus interest at 4.25% per annum, to settle violations concerning Medicare Part B submissions for tests using its FloChec and QuantaFlo devices. Part of the funds, $5.2 million, is to be paid to whistleblowers who brought the case.
In addition to the settlement, Semler Scientific has also entered into a 5-year corporate integrity agreement with the Department of Health and Human Services Office. For the third quarter, the company expects revenues of between $6.9 million and $7.5 million, as a significant customer has announced plans to reduce its use of the QuantaFlo device.
Semler Scientific Inc. (NASDAQ:SMLR) develops and markets technology products and services for healthcare providers to diagnose and manage chronic diseases. It has also made significant investments in Bitcoin, aiming to diversify its corporate assets and leverage the cryptocurrency as a store of value.
1. Canaan Inc. (NASDAQ:CAN)
Stock Upside Potential: 196.38%
Number of Hedge Fund Holders: 9
Canaan Inc. (NASDAQ:CAN) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 12, analysts at Benchmark reiterated a ‘Buy’ rating on the stock and a $2 price target.
The positive stance stems from the research firm’s discussions with the company’s Chief Financial Officer, James Cheng, and Head of Capital Markets, Leo Wang. The management team reiterated plans to engineer a comeback across the commercial, operational, and financial aspects of the business.
The research firm has echoed Canaan’s prospects, backed by its vertically integrated bitcoin mining rig manufacturing and self-mining operations. The remarks come as the company’s Bitcoin treasury has grown to 1,547 Bitcoin, positioning it to benefit from further price spikes.
Canaan Inc. (NASDAQ:CAN) is a technology company that designs and manufactures high-performance Application-Specific Integrated Circuit (ASIC) chips for Bitcoin mining. Its core business involves producing mining equipment, supplying Software and hardware solutions for blockchain computing, and engaging in its own Bitcoin mining operations for strategic balance sheet strengthening.
While we acknowledge the potential of CAN 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 CAN and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 9 Best Lidar Stocks to Buy Right Now and 7 Best Cement Stocks to Buy According to Analysts.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.
