Citigroup is bullish on CRCL, BLSH, and COIN stocks, but lowered its target prices for MSTR and GEMI.

Odaily Planet Daily reports that Wall Street bank Citigroup remains optimistic about the cryptocurrency sector despite the recent market downturn. Analyst Peter Christiansen stated in a report that he is bullish on Circle Financial, the issuer of the USDC stablecoin, and reiterated his price target of $243. Furthermore, benefiting from increased institutional investment (especially in the US) and traditional financial participants, Citigroup analysts also highlighted Bullish (BLSH) and Coinbase (COIN). However, Citigroup lowered its price target for MSTR from $485 to $325 and its price target for Gemini (GEMI) from $16 to $13. (CoinDesk)