Investment bank Nomura has screened for Japanese stocks with "high bitcoin price sensitivity," following a surge in the cryptocurrency's price.
It comes as analysts say bitcoin prices could hit $100,000 by the end of the year following President-elect Donald Trump's victory .
The bank said it conducted multiple regression analyses of stocks to identify which have a high bitcoin price sensitivity.
Those covering Micronics give it an average price target of 7,033.33 Japanese yen ($46.05) — indicating almost 83% upside potential.
Analysts give Towa Corp an average target price of 3,466.67 Japanese yen, or 67.5% upside potential, according to FactSet.
Persons:
Donald Trump's, bitcoin, Bitcoin Trump, — CNBC's Michael Bloom
Organizations:
Nomura, BTC, Towa Corporation, Towa, SoftBank
Locations:
Japan, FactSet