It could be someone within the ninja academy who is threatened by Naruto's act of being the dead last on purpose. Maybe a teacher who doesn't like Naruto's deception and wants to expose him.
Perhaps there is a new ninja from another village who comes to Konoha and sees Naruto as an easy target because of his 'dead last' reputation. But as Naruto reveals his true abilities bit by bit, this new ninja becomes the main antagonist, feeling deceived and angry.
In this fanfic, perhaps Naruto is trying to deceive everyone into thinking he's the dead last as part of a long - term strategy. He might be secretly training in a unique and powerful jutsu that he doesn't want anyone to know about until he's fully mastered it. So, by acting like the worst student, he has more freedom to experiment without interference.
Perhaps an old enemy from Naruto's past, who has somehow been resurrected with a new power and a new purpose. This enemy could be someone like Orochimaru, but with even more sinister motives and abilities. He might want to take over the world in a different way than before.
A new dark entity could be the main antagonist. This entity might have been awakened by Naruto's return from the dead. It could be something that was sealed away long ago and Naruto's return breaks the seal. The entity would then target Naruto and his loved ones to prevent him from getting in its way of ruling the ninja world.
The Organization in the Claymore world could be the main antagonist. They already have a lot of secrets and do some morally ambiguous things. If Naruto shows up and starts changing the status quo, like teaching Claymore warriors to be more independent, the Organization might see him as a threat and try to eliminate him.
It could be a rogue ninja who was once a student of Orochimaru and has now developed his own dangerous jutsu. He wants to take over the ninja world and believes the old ways are holding everyone back.
Orochimaru could be a great antagonist. He might want to use Shenron's power for his own dark experiments. He could try to steal the dragon balls and manipulate the wishes to gain immortality or create an army of powerful, immortal ninja.
It could be someone who opposes Naruto's newfound admiration for Ganondorf. Maybe a traditionalist ninja who thinks Naruto is straying from the true ninja path by getting influenced by Ganondorf.
Lex Luthor could be a great antagonist. He's always looking for power and knowledge. If he discovers Naruto's abilities, he might try to use them for his own gain or see Naruto as a threat to his plans in Smallville.
It could be Orochimaru. He's always been interested in unique powers and abilities. The idea of X - 23's mutant abilities and Naruto's jinchuriki powers would be very appealing to him. He might try to capture them both to use in his experiments to gain ultimate power.
A new character could be created as the antagonist. For example, an Uchiha who has been corrupted by the power of the Sharingan and wants to use Naruto's special Uchiha - related abilities for his own evil purposes. This character could be jealous of Naruto's unique position within the Uchiha - related story and try to take it from him.