Catenaa, Thursday, August 21, 2025- Analysts at Bernstein say the current cryptocurrency bull market could continue into 2027, driven by US policy support and rising institutional adoption.
The next phase, they argue, will expand beyond Bitcoin, with Ethereum, Solana, and DeFi tokens fueling inflows into exchanges and stablecoin issuers.
Bernstein raised price targets for Coinbase, Robinhood, and Circle, citing strong July trading volumes and strategic acquisitions.
Bitcoin is projected to reach $150,000–$200,000 within the next year, with the Trump administration reportedly focused on positioning the US as a global crypto hub.
Analysts described the crypto rally as “long, exhausting,” potentially peaking in 2027.
Robinhood’s acquisition of Bitstamp and European rollout of staking and tokenized products were cited as key growth drivers, leading Bernstein to raise the stock target to $160 from $105.
Coinbase’s July volumes exceeded $100 billion, boosting transaction revenue 44% quarter-over-quarter, with derivatives and USDC adoption expected to accelerate growth. The firm set a $510 target for Coinbase, noting its “everything exchange” model spans spot, derivatives, tokenization, and bank partnerships.
Stablecoin issuer Circle maintained a $230 target, with USDC supply projected to grow from $68 billion to $99 billion in 2026 and $173 billion in 2027.
Bernstein highlighted USDC’s role in DeFi liquidity, its partnerships with banks and payment providers, and Circle’s Arc blockchain as long-term differentiators.
Analysts emphasized that the next leg of the crypto cycle will include altcoins and DeFi projects, supporting broader market inflows and underpinning institutional adoption.
