Bullish Poised for Next Upswing With Wall Street Expansion Into U.S. Market -

Bullish Stock Draws Mixed Analyst Views After Wall Street Coverage

Crypto exchange Bullish (BLSH), parent of CoinDesk, drew its first batch of Wall Street ratings this week, with opinions ranging from bullish optimism to cautious neutrality.

Rosenblatt Securities launched coverage with a buy rating and $60 target, citing rising institutional adoption, favorable U.S. regulatory shifts, and stablecoin-linked revenues that could offer steadier income streams.
Canaccord Genuity set a buy with a $68 target, highlighting Bullish’s expanding institutional base, recent acquisitions of CoinDesk and CCData, and an expected New York BitLicense that would open U.S. client access.
Bernstein initiated at market perform with a $60 target, saying Bullish could capture about 8% of U.S. institutional spot volumes by 2027 but warning its U.S. rollout will determine whether it can rival Coinbase.
JPMorgan began with a neutral rating and $50 target, noting growth potential in liquidity services and regulation-driven expansion but cautioning that the firm’s valuation and current scale limit near-term upside.