Crypto Bull Market Expected to Peak in 2027, Says Bernstein
Bernstein projects an extended crypto bull market, potentially peaking in 2027. Key points include:
- Robinhood's price target increased to $160 from $105; current shares around $115.
- Bitcoin expected to reach $150,000–$200,000 within a year.
- Broader rally anticipated for ether, solana, and DeFi tokens, benefiting Coinbase.
- Falling rates in late 2025 could enhance demand for staking and on-chain yield products.
- Trading volumes expected to surge into 2026, peaking in 2027.
- Circle's USDC adoption projected to hit $173 billion by 2027.
- Robinhood’s model estimated to achieve a 53% EPS CAGR through 2027.