The broker raised its year-end price target for the software company to $2,150 from $1,875.
The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.
The price of bitcoin initially showed little reaction to the soft data even as traders quickly amped up bets on big Fed rate cuts in the second half of the year.
For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."
Brett Harrison’s new firm, Architect, aims to be an one-stop platform for institutional-grade crypto trading.
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as the Official Monetary and Financial Institutions Forum says that Harris cannot afford to "cede crypto to Trump."