BlockBeats News, December 20th, according to a report by CoinDesk, Wall Street bank Citigroup updated its digital asset stock report, lowering the target stock price for some crypto stocks due to the recent overall decline in the crypto market, but still remains optimistic about this sector. Analyst Peter Christiansen and his team stated in a report on Friday: "Despite the recent token volatility, we still view digital asset stocks favorably." The issuer of the stablecoin USDC, Circle Financial (CRCL), remains Citigroup's top pick, with the team reaffirming its $243 target price, even though the stock has recently dropped significantly to the current price of $83.60.Christiansen's next stock picks are Bullish (BLSH) and Coinbase (COIN). He stated: "We believe BLSH is well-positioned to benefit from increased institutional investor (especially in the U.S.) and traditional finance (TradFi) participation." The target price for BLSH has been lowered from $77 to $67, but still offers significant upside potential compared to the current $44 price. The target price for COIN remains at $505, with the current stock price at $242. MicroStrategy (MSTR), rated as a "Buy," also saw its target price adjusted from the previous $485 to $325 after a recent drop to around $160, still implying about a 100% upside potential.

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