Mizuho Cuts BitGo Target to $11, Sees Upside From Clarity Act Delay

BitGo provides digital-asset custody and infrastructure services, a business supported by recurring revenue and rising institutional demand. The Clarity Act is intended to clarify how US regulators oversee crypto markets, making its timing important for companies investing in compliance. A prolonged legislative process extends uncertainty across the sector, but it may also preserve barriers that favor established custodians over newer entrants.

Mizuho cut its price target for BitGo to $11 in its latest assessment, while arguing that delays to the Clarity Act could ultimately strengthen the company’s competitive position. The brokerage also highlighted 27% year-on-year growth in BitGo’s customer base, describing the firm as a high-growth, recurring-revenue business despite the lower valuation target. No specific publication date was provided in the supplied report details.