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Major investment bank RBC just raised its price target on BNY Mellon, bumping it up to $130 from the previous $124. This move signals growing confidence in the institution's positioning, especially as BNY Mellon continues expanding its role in digital asset custody and blockchain infrastructure—critical services for the crypto ecosystem. The upgrade reflects analyst expectations around revenue growth in the bank's expanding crypto and digital finance divisions. For those tracking institutional adoption and traditional finance's deeper integration into Web3, this kind of analyst action on major custodians is worth monitoring.