Mizuho Securities lowered its price target on BitGo Holdings to $11 from $14, marking the second downward revision this year for the crypto custodian that went public at $18 in January 2026. The bank cites the delay of the Digital Asset Market Clarity Act and the downturn in the digital asset market as key factors behind the decision. BitGo holds over $100 billion in assets on its platform and maintains an Outperform rating. Mizuho projects a 20% decline in net revenue between 2026 and 2027, though certain business segments posted 227% growth over the trailing twelve months.
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