If you're in the market for some new ASX 200 shares in April, then it could be worth listening to what analysts at Bell Potter are saying.

That's because they have just revealed their favoured picks for the month ahead. Two on its list this month are named below. Here's what the broker is saying about them:

The first ASX 200 share that Bell Potter is urging investors to buy this month is Coles. It is of course one of Australia's big two supermarket operators.

The broker believes that costs will start to moderate in the near term and sees positives from the company's investment in its supply chain and online offering. It said:

Costs are expected to remain elevated but should moderate through FY24 and FY25 as general inflation tapers off. In the medium term, 1) higher immigration should support grocery spending, and 2) Coles is entering a period of elevated capex intensity as it reinvests to modernise its supply chain and to catch up to competitors on online and digital offerings, which should help Coles maintain its market position.

Bell Potter has a buy rating and $19.00 price target on its shares. This suggests upside of 15% is possible for investors over the next 12 months. In addition, the broker is expecting a 4%+ dividend yield from its shares, boosting the total potential return to almost 20%.

Another ASX 200 share that Bell Potter rates as a buy is Regis Resources. It is one of Australia's leading gold miners.

Bell Potter likes the miner due to its local operations and positive growth outlook. It also highlights that the company could be an attractive takeover target in the current environment. It explains:

As one of the largest ASX listed gold producers, we are attracted to its all-Australian asset portfolio and organic growth options which are unique at this scale. Furthermore, we see key opportunities in the fundamental, medium-term outlook and, in our view, these may also make RRL an appealing corporate target in the current conducive M&A environment.

Despite its shares rallying strongly due to the rising gold price, Bell Potter still sees significant returns ahead. It currently has a buy rating and $2.60 price target on its shares. This implies upside of 30% for investors over the next 12 months. No dividends are expected in the near future.