Wall Avenue agency Bernstein expects the crypto bull market to run longer than beforehand thought, doubtlessly peaking in 2027 as a substitute of 2025–26, with outperform-rated Robinhood (HOOD), Coinbase (COIN), and Circle (CRCL) all set to learn, the dealer mentioned in a report Tuesday.
Bernstein raised its Robinhood value goal to $160 from $105. The shares had been little modified at round $115 at publication time.
Analysts led by Gautam Chhugani now see bitcoin hitting $150,000–$200,000 throughout the subsequent 12 months, however imagine the rally will broaden to ether (ETH), solana
and decentralized finance (DeFi) tokens, positioning Coinbase as the important thing beneficiary.
Falling charges in late 2025 may increase demand for staking and on-chain yield merchandise, whereas ether and solana-based treasury methods could echo Technique’s (MSTR) bitcoin play however with added yield, the analysts wrote.
Bernstein expects buying and selling volumes to surge into 2026 and peak in 2027, citing momentum already seen in Robinhood and Coinbase exercise and a surge in USDC provide.
Coinbase’s enlargement in derivatives and Circle’s rising USDC adoption, projected to achieve $173 billion by 2027, underpin the dealer’s bullish view.
Robinhood’s diversified mannequin is anticipated to ship a 53% earnings per share (EPS) compound annual progress price (CAGR) by way of 2027, supporting its upgraded valuation a number of, the report added.
Learn extra: Coinbase Is Changing into a Main Ethereum-Centered Participant, Bernstein Says
