As cryptocurrencies become more widely accepted, more investors are putting money into the digital asset market. This growing interest is also increasing demand for crypto-related stocks. The crypto ecosystem includes a wide range of companies, including Bitcoin miners, crypto infrastructure providers, and firms that hold digital assets on their balance sheets.
Investors can choose to invest in any of them to gain exposure to the broader sector. While crypto prices remain volatile in the short term, many investors continue to believe the industry’s long-term growth potential is strong.
Using TipRanks’ Stock Comparison Tool, we identified three crypto-related stocks that carry a “Strong Buy” consensus rating from analysts and offer more than 80% upside potential over the next 12 months.
Strategy ($MSTR) – Strategy develops enterprise analytics software but is now best known as the world’s largest corporate holder of Bitcoin (BTC-USD). Over the last three months, 13 Wall Street analysts covering MSTR stock rated it a Buy, while one rated it a Hold. Together, their 12-month average Strategy price target indicates an upside of more than 175%.
HIVE Digital ($HIVE) – HIVE Digital is a digital infrastructure company that mines Bitcoin using renewable energy-powered data centers. It also leases high-performance GPUs for AI and cloud computing, giving it exposure to both the crypto and AI markets. In the last three months, six Wall Street analysts covering HIVE stock rated it a Buy, with one assigning a Hold rating. Their 12-month average HIVE Digital price target indicates an upside of 117.2%.
Bitdeer Technologies ($BTDR) – Bitdeer Technologies is a Bitcoin mining company that operates large Bitcoin-mining facilities and develops mining machines. It also provides infrastructure services to other crypto miners. Over the last three months, seven Wall Street analysts covering BTDR stock have rated it a Buy and two analysts rated it a Hold. Combined, their 12-month average Bitdeer price target indicates an upside of 80.4%.
Ending Thoughts
Investors seeking exposure to the crypto market without directly owning digital assets may consider these stocks, though they also carry higher volatility than the broader market. While investors should carefully weigh the risks, Wall Street analysts believe Strategy, HIVE Digital, and Bitdeer Technologies are well positioned to benefit from continued growth in Bitcoin prices and broader crypto adoption.
