BitGo Building Growth Through New Products, Global Expansion, Revenue Diversity, Wedbush Says

MT Newswires Live03-27

BitGo (BTGO) could see growth from stronger trading activity, rising stablecoin services, wider global expansion, and a more varied business mix, even as crypto volatility may keep near-term results uneven, Wedbush said in a note Friday.

The investment firm said assets on the platform fell with weaker crypto prices, but client growth stayed strong, which suggests institutional demand for BitGo's custody services is still building, with stablecoin-as-a-service showing further momentum.

BitGo's derivatives business is off to a solid start, while its work on wallet security and payment controls may support its next phase of product expansion, according to the note.

BitGo gave cautious Q1 2026 guidance because of crypto market swings and broader uncertainty, but it expects the company's push into new regions and its broader revenue base to support longer term growth, Wedbush analysts noted.

Wedbush kept its outperform rating and $15 price target, saying BitGo is still gaining traction across its main revenue lines.

Price: 8.04, Change: -1.06, Percent Change: -11.65

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