Citi cuts Gemini target price to $23, while raising Bullish target price to $77

Techub News: According to CoinDesk, Citi lowered the price target for Gemini, which has a Neutral rating, while raising the price target for Bullish, which has a Buy rating. The Citigroup analyst team noted that although Gemini performs strongly in credit card registrations and app downloads, its trading volume growth remains below expectations, requiring more time to realize its growth potential, hence the Neutral rating is maintained. In comparison, Bullish has obtained New York BitLicense approval, institutional access is expanding, and its development momentum is accelerating.