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Wall Street steadfast Bernstein expects the crypto bull marketplace to tally longer than antecedently thought, perchance peaking successful 2027 alternatively of 2025–26, with outperform-rated Robinhood (HOOD), Coinbase (COIN), and Circle (CRCL) each acceptable to benefit, the broker said successful a study Tuesday.
Bernstein raised its Robinhood terms people to $160 from $105. The shares were small changed astatine astir $115 astatine work time.
Analysts led by Gautam Chhugani present spot bitcoin hitting $150,000–$200,000 wrong the adjacent year, but judge the rally volition broaden to ether (ETH), solana (SOL) and decentralized concern (DeFi) tokens, positioning Coinbase arsenic the cardinal beneficiary.
Falling rates successful precocious 2025 could boost request for staking and on-chain output products, portion ether and solana-based treasury strategies whitethorn echo Strategy’s (MSTR) bitcoin play but with added yield, the analysts wrote.
Bernstein expects trading volumes to surge into 2026 and highest successful 2027, citing momentum already disposable successful Robinhood and Coinbase enactment and a surge successful USDC supply.
Coinbase’s enlargement successful derivatives and Circle’s increasing USDC adoption, projected to scope $173 cardinal by 2027, underpin the broker's bullish view.
Robinhood’s diversified exemplary is expected to present a 53% net per stock (EPS) compound yearly maturation complaint (CAGR) done 2027, supporting its upgraded valuation multiple, the study added.
Read more: Coinbase Is Becoming a Major Ethereum-Focused Player, Bernstein Says
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