Crypto stocks have had a rocky last two months, with top companies like Gemini, Strategy, and Coinbase seeing their stocks drop. As a result, Wall Street is far more split on the industry than it was at this point last year. Several price forecast revisions have been executed in March, painting a bearish picture for crypto stocks. Citibank was one of the latest firms to lower its forecast for several of these stocks. However, only one crypto-focused company saw its shares actually rise by Citi.
Indeed, after lowering its 12-month price targets for Bitcoin (BTC) and Ethereum (ETH), Citigroup lowered the stock price targets on several cryptocurrency companies on March 19. Citing the delay over the progress on the CLARITY Act, the bank recently lowered their Bitcoin forecast from $143,000 to $112,000 and the Ether forecast from $4,304 to $3,175.
Additionally, Citi lowered its forecasts for Strategy (MSTR), Bullish (BLSH), Gemini (GEMI), and other crypto-based stocks. The sole exception, however, was Galaxy (GLXY). Galaxy Digital is a crypto-focused financial services firm. The Wall Street giant hiked Galaxy Digital’s price target from $25 to $28, while holding a “Neutral” rating on the shares.
Should You Invest in Galaxy (GLXY)?
Galaxy Digital’s latest quarterly report, for the third quarter of 2025, had a number of bright spots. The company reported net income of $505 million, a massive increase of about 1,500% on a sequential basis. These gains were largely the result of the firm’s Global Markets business. Digital asset trading volumes surged by 140% year-over-year (YOY) to all-time high levels, and average loan book size expanded to $1.8 billion. The company also executed a notional Bitcoin sale of $9 billion.
Galaxy’s Asset Management & Infrastructure Solutions business is also thriving, as it saw more than $2 billion of net inflows for the quarter and ended the period with almost $9 billion in assets under management. The company continues to draw long-term staking and asset management agreements with digital asset treasury companies, solidifying its core business.
All in all, GLXY looks like a good investment option in the crypto stock market compared to its peers. When other crypto stocks inevitably catch up, GLXY could be an early contender for crypto stock of the year.