It could be an unknown shinobi from a far - off land who has some sort of vendetta against Konoha. They might see this shinobi causing chaos in the future and start preparing to face him in the present.
Perhaps a future version of one of their own comrades who has been corrupted by power. Team Minato would be horrified to see their friend turned into an enemy and would have to figure out how to prevent this transformation from happening in the present. They would also have to deal with the moral dilemma of fighting against someone they once considered a friend.
Well, one possibility could be that they see a future where the village is in ruins. They then start to analyze what led to such a disaster and try to find ways in their present to prevent it. Maybe they see a powerful enemy they've never faced before and start devising strategies to counter it.
It could be a time - traveling enemy from the future who wants to stop Naruto from changing things. This antagonist might have his own motives for wanting the future to remain as it was, like having power over a ruined Konoha.
Obviously, Team Minato itself is the main focus. This includes Minato Namikaze, who is the leader of the team. He is a very powerful ninja with his Flying Thunder God Technique. Then there's Kakashi Hatake, a young and talented ninja who is known for his Sharingan. Obito Uchiha is also a key character, with his Uchiha blood and his dreams of becoming Hokage. And finally, Rin Nohara, who plays an important role in the team's dynamics.
Obviously, Team Minato itself would be the main characters. That includes Minato Namikaze, Obito Uchiha, Rin Nohara and Kakashi Hatake. They are the core of this story as it's about them watching the future.
It could be someone who wants to take advantage of Minato's new female form. Maybe a villain who has a vendetta against Minato in his original form and sees this as an opportunity to further humiliate or harm him.
Perhaps an ancient evil that was sealed away long ago is awakened when Minato is revived. This entity could be a powerful demon or a dark ninja from the past. It wants to destroy the ninja world and Minato stands in its way. Minato, with his skills and knowledge, has to figure out how to defeat this ancient evil with the help of Naruto and the other Leaf Village ninjas.
Perhaps a new and original antagonist could be created for this fanfiction. This antagonist could be a rogue ninja who has mastered a forbidden jutsu that allows him to manipulate time as well. He could be the one who sets up the events that lead to Minato's endangerment, and Naruto has to figure out his motives and stop him while also saving Minato.
In the 'Team Minato Watch the Future' fanfiction, it's possible that they'll see the evolution of jutsu. They might be shocked to find out how some of the basic jutsu they know are transformed in the future. Also, they could see the relationships between different ninja clans change over time, which would give them a new perspective on the political situation in Konoha.
It could be a rogue ninja from a rival village. This ninja has a personal vendetta against Konoha and specifically targets Team 10 because of Naruto's presence. He might be jealous of Naruto's growing power and fame and wants to prove himself by defeating the team.
They would probably feel a great deal of guilt. Minato, as Obito's teacher, might think he failed in guiding him. Kakashi would likely be devastated, seeing how his actions towards Obito led to such a dark future. Rin might be heartbroken to see the man she cared about become so corrupted.