"Bernstein estimates that crypto equities have retraced roughly 60% from their 2025 peak, coinciding with a broader crypto market correction that has erased trillions in value. Despite this, the firm points to structural growth drivers such as stablecoins, tokenization, prediction markets, and derivatives as key factors for future recovery."
"The broker has lowered price targets for major names, cutting Coinbase to $330 from $440, Robinhood to $130 from $160, and Figure to $67 from $72, while maintaining an Outperform rating for all three. This reflects a cautious outlook amid current market conditions."
Bernstein indicates that crypto-linked equities are approaching a cyclical bottom after a significant 60% decline from 2025 highs. The firm attributes this pullback to macro uncertainty, geopolitical tensions, and weak crypto sentiment, although it maintains that long-term growth fundamentals remain strong. Bernstein has lowered price targets for major companies like Coinbase and Robinhood but still rates them as Outperform. The firm anticipates Q1 earnings weakness will serve as a sentiment floor before a recovery in the latter half of 2026.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]