Bernstein sees a 2026 crypto “tokenization supercycle,” backing Bitcoin, MicroStrategy, IREN, Robinhood, Coinbase, Figure and Circle ahead of a 2027 cycle peak.
Summary
- Bernstein forecasts a 2026 “tokenization supercycle” with the next Bitcoin cycle peak in 2027, despite a soft 2025 finish.
- The firm highlights MicroStrategy, IREN, Robinhood, Coinbase, Figure and Circle as key beneficiaries of tokenization and rising stablecoin use.
- Robinhood’s AI tools, social features and banking products, plus Circle’s USDC and EURC, are cited as underpriced growth drivers in the crypto-fintech stack.
Investment firm Bernstein has identified several cryptocurrency-related stocks as potential opportunities in 2026, according to a recent analysis predicting Bitcoin could rally toward higher price levels.
Bernstein analyst Gautam Chhugani released his crypto outlook for 2026, forecasting Bitcoin could reach elevated targets despite what the firm characterized as a soft finish to 2025. The analyst projected the next cycle peak would occur in 2027.
Chhugani highlighted Robinhood, Coinbase, Figure, and Circle as companies positioned to benefit from tokenization trends. The firm also identified MicroStrategy’s premium as likely to return as Bitcoin rebounds and named IREN as its leading AI-focused selection.
Bernstein analysts suggest ‘tokenization supercycle’ imminent
Bernstein forecasts what it terms a “tokenization supercycle” in 2026. The firm expects stablecoin supply to increase, driven by growing cryptocurrency activity, cross-border payments, and adoption by major fintech companies including Block, Revolut, and PayPal.
Activity on Coinbase-owned derivatives exchange Deribit shows traders placing increasing bets on Bitcoin (BTC) reaching significant price milestones by the end of January, according to trading data. Prediction market Polymarket has assigned probability estimates for Bitcoin reaching higher targets by year-end.
MicroStrategy, which holds substantial Bitcoin reserves, currently trades below its historical premium levels, according to market data. Analysts maintain a buy consensus on the stock with price targets implying upside potential. The company recently raised its preferred dividend and continues adding to its Bitcoin holdings, according to company disclosures.
Circle Internet Group, a major issuer of USDC and EURC stablecoins, has declined over the past three months but remains slightly positive for the year, according to market data. The company’s shares trade below what analysts describe as narrative fair value.
Robinhood operates a U.S. trading platform offering stocks, exchange-traded funds, options, gold, and cryptocurrencies through its Robinhood Crypto platform. The company has launched several products including Cortex, an AI assistant providing custom indicators and market analysis, and Legend, which offers advanced features including futures trading and extended access to index options.
Robinhood Social provides verified trading profiles, strategy sharing, and portfolio tracking features, with copy trading functionality planned. The company has expanded into banking services, including mortgage offerings and a Gold credit card. The combination of AI-driven tools and advanced trading features has contributed to user engagement and retention, according to the company.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Stablecoins aren’t just for cross-border payments—they’re for going local too! a16z’s latest report: Asia supports two-thirds of transaction volume
Crypto VC giant a16z’s latest report, “9 charts on what stablecoins are becoming,” uses nine key charts to depict the structural changes underway in stablecoins. The report’s central takeaway is not new tokens or new narratives, but stablecoins’ role shifting from “trading tools” and “savings vehicles” to “core financial infrastructure,” along with an increasingly strong degree of localization—creating a clear gap between what the market originally expected and the reality of cross-border payments.
**GENIUS Act in the U.S. boosts stablecoin trading volume to $4.5 trillion in Q4**
For years, regulatory uncertainty has been the ceiling for institutional participation in stablecoins. The turning point came from the U.S. GENIUS Act establishing the first federal-level stablecoin issuance framework. a16z data shows that, prior to the bill’s passage, the adjusted stablecoin trading volume had already been rising for several consecutive quarters.
ChainNewsAbmedia25m ago
Humanity Protocol Rallies 80% From April Lows, But Is the Momentum Fading?
Humanity Protocol surged 80% from April lows, breaking into top 100 crypto assets.
Whale activity and network growth rose, but trading volume dropped sharply by 46%.
Bullish structure remains intact, with key resistance and support levels defining the next move.
Humanity Protocol — H, ha
CryptoNewsLand1h ago
PENGU Eyes 30% Rally as Analyst Flags Crucial Breakout Level
PENGU consolidates near $0.009 resistance after a long 90% decline from highs.
Analysts expect a 30% rally if breakout above key resistance level confirms strength.
ETF speculation and ecosystem growth could fuel volatility and upside momentum.
Pudgy Penguins — PENGU, is sitting at a
CryptoNewsLand3h ago
Analyst: $80K Emerges as Bitcoin's Key Resistance Level, Breakout Could Trigger Increased Volatility
Gate News message, April 26 — On-chain analyst Murphy identified $80,000 as Bitcoin's primary resistance level above the current price, citing a combination of options Gamma exposure, open interest (OI), and implied volatility (IV) data. The level represents a critical checkpoint for May's price
GateNews4h ago
Crypto Fear and Greed Index Falls to 32, Indicating Panic State
Gate News message, April 26 — The Crypto Fear and Greed Index currently stands at 32, up 2 points from the previous day, according to Coinglass data. The index is in a panic state.
The seven-day average is 34, while the 30-day average is 19, indicating elevated market anxiety over the past
GateNews4h ago
PLA Plummets 47.8% in 30 Minutes, Dropping Below $0.12
Gate News message, April 26 — PLA (PlayDapp) price crashed 47.8% in just 30 minutes today, falling to $0.1225. The token, which hit a day high of $0.2347, now trades at $0.122512 with a market cap of approximately $305 million. Trading volume remains notably low, reflecting reduced investor
GateNews5h ago
