Crypto Stocks with 160% Upside Potential Gain Analyst Attention

Three crypto-related stocks have garnered attention from analysts for their potential to surge up to 160% over the next 12 months. HIVE Digital (HIVE) and Bit Digital (BTBT) are notable mentions, with both companies offering exposure to the cryptocurrency market.

HIVE Digital operates renewable energy-powered data centers primarily used for Bitcoin mining, while also expanding its GPU infrastructure business to serve AI and cloud-computing workloads. Analyst Chris Brendler from Rosenblatt Securities recently reiterated his Buy rating on HIVE, raising his price target from $5.5 to $6, implying 95.4% upside.

Bit Digital, on the other hand, has shifted its focus from Bitcoin mining toward Ethereum staking and other digital-asset infrastructure. Analyst Mike Colonesse assumed coverage of BTBT with a Buy rating and $4 price target, indicating nearly 145% upside. Over the last three months, all four Wall Street analysts covering BTBT stock have rated it a Strong Buy.

Additionally, Bitdeer Technologies (BTDR) is expanding from Bitcoin mining into AI and high-performance computing (HPC) infrastructure. The company recently acquired 200 acres of land in Texas for about $100 million in cash, supporting its plans to expand into these new markets.