Top 2 US stocks to buy for exposure to Bitcoin's ongoing rally

Rosenblatt analyst Chris Brendler anticipates further Bitcoin price increases through the end of 2025, driven by a more favorable political environment and growing institutional interest. Brendler highlights Marathon Digital Holdings (MARA) and Terawulf (WULF) as prime beneficiaries, citing their direct exposure to Bitcoin mining revenues and the broader crypto sector, respectively. Both MARA and WULF currently hold a consensus "buy" rating, with price targets suggesting significant upside.

Analysis

Rosenblatt analyst Chris Brendler projects a continued appreciation in Bitcoin prices through the latter half of 2025, citing a confluence of factors including a US-China 90-day trade truce, Moody's recent downgrade of US credit driving capital to digital assets, and a more favorable stance on cryptocurrencies from the Trump administration, which has reportedly signaled plans for a strategic BTC reserve. Brendler posits that this environment is "fundamentally different" from past rallies, with rising interest from global capital pools and burgeoning sovereign/corporate interest suggesting sustainable demand despite current modest institutional ownership. Consequently, Marathon Digital Holdings (MARA) and Terawulf (WULF) are identified as key equity beneficiaries. MARA, a "pure-play" crypto miner, is expected to see improved revenues and profitability from higher Bitcoin prices, enabling reinvestment into operational expansion, efficiency, and technologies like immersion cooling; Wall Street consensus reflects a "buy" rating with a c.45% upside to a $20 mean target. Terawulf, a hybrid miner, is also anticipated to rally due to the broader crypto sector uplift and increased investor demand accompanying Bitcoin's strength, maintaining a constructive outlook from Brendler and a Wall Street consensus "buy" rating with an average price target of $6.79, despite a recent earnings miss on profit and revenue.

Key Decisions for Investors

• Investors seeking equity exposure to the ongoing Bitcoin rally may consider positions in Marathon Digital (MARA) and Terawulf (WULF), given the positive analyst outlook and strong underlying sentiment.
• MARA's direct leverage as a 'pure-play' Bitcoin miner, coupled with a consensus 'buy' rating and a c.45% potential upside to the $20 price target, presents a focused investment thesis on Bitcoin's price appreciation.
• Terawulf offers an alternative avenue, benefiting from broader crypto sector momentum, and despite a recent earnings miss, it also carries a consensus 'buy' rating with a price target of $6.79; however, its performance relative to estimates should be monitored.
• While the analyst highlights a 'fundamentally different' environment, investors should remain aware of the historical volatility associated with Bitcoin and crypto-related equities, and factor in the dependency on sustained Bitcoin price strength and realization of projected institutional demand.