Two Wall Street firms have given Bullish a buy rating, expecting it to enter the U.S. market

ChainCatcher news, according to CoinDesk, Wall Street firm Rosenblatt Securities stated in a research report released on Monday that it has given Bullish its first Buy rating with a target price of $60. Although Bullish has not yet provided services to U.S. clients, its annual trading volume has exceeded $500 billion.

Additionally, Canaccord Genuity has also begun to focus on Bullish, giving it a Buy rating and a target price of $68. Analysts believe that Bullish has obtained licenses in Europe and Asia and is expected to soon acquire a BitLicense, thereby opening up to U.S. institutional clients.