Despite weak sentiment in Q4, Bernstein remains strongly bullish on Bitcoin and the broader crypto market.
In a note released Tuesday, analyst Gautam Chhugani stated that Bernstein still โfeels good about Bitcoinโ and believes with reasonable confidence that crypto markets have already bottomed.
๐ 2025 Recap
Bitcoin closed 2025 down 6%
Crypto-related equities delivered +59% average returns, even after a late-year cooldown
๐ฎ 2026 Outlook: The Tokenization Supercycle
Bernstein expects 2026 to be defined by a massive tokenization wave, spanning:
Stablecoins
Capital markets
Prediction markets
๐ฐ Bitcoin Price Targets
$150,000 in 2026
$200,000 peak in 2027
These targets are driven by:
Rapid expansion of stablecoin payments
Growing adoption of tokenized real-world assets (RWA)
๐ช Stablecoins & Tokenized Assets
Stablecoin supply projected to grow +56% YoY to $420B
Driven by crypto trading, cross-border B2B payments, and agentic payments
Tokenized assets value expected to rise from $37B (2025) to $80B (2026)
Equity tokenization expected to gain a larger market share
๐ฆ Stocks to Watch
Bernstein highlights HOOD, COIN, FIGR, and CRCL as the best tokenization proxies, while noting that MSTR could deliver premium returns as Bitcoin recovers.
๐ฏ Prediction Markets
Market size could double to $70B in 2026
Regulatory clarity may further legitimize the sector
๐ Bottom line:
Bitcoin, stablecoins, tokenization, and prediction markets could define the next crypto cycle โ and 2026 may be the turning point.
#Bitcoin #Crypto2026 #Tokenization #Stablecoins #RWA #PredictionMarkets $BTC #Blockchain #CryptoNews ๐$BNB $ETH
