The broker started coverage of the self-custody crypto wallet with a buy recommendation and a $38 price target.
The stock could be eligible for S&P 500 index inclusion once it adopts updated FASB accounting standards, the report said.
The three companies offer varying degrees of exposure to the world's largest cryptocurrency, the report said.
The broker initiated coverage of the stock with a buy rating and 60 euro price target.
The bank updated estimates for a number of mining stocks in its coverage following third quarter results and recent gains in bitcoin and the hashrate.
The broker initiated coverage of HIVE with an overweight rating and $9 price target.
The investment bank initiated coverage of the bitcoin miner with a buy rating and a $19 price target.
The broker started coverage of the bitcoin miner with a buy rating and a $16 price target.
The broker upgraded the bitcoin miner's shares to buy from sell and raised its price target on the stock to $13.50 from $7.50.
The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said.
The business has a number of positive catalysts including its smart wallet Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said.
The crypto firm’s fourth quarter was solid, and commentary about the performance through the end of February was even better, the report said.