Confident that the cryptocurrency market has bottomed out! Bernstein analyst: Bitcoin could reach $150,000 this year

Wall Street investment firm Bernstein states that after experiencing a sluggish and volatile period until the end of 2025, 2026 is expected to mark the beginning of a “tokenization” super cycle. Analysts believe that the cryptocurrency market may have already bottomed out, and the current market correction presents an excellent opportunity to position in “cryptocurrency concept stocks.” Led by Gautam Chhugani, the analysis team states that although market sentiment cooled at the end of last year, the industry fundamentals remain solid, reaffirming an optimistic outlook for Bitcoin. They estimate a target price of $150,000 in 2026 and are even more optimistic that the cycle peak in 2027 could reach $200,000. As of the time of writing, Bitcoin’s trading price is approximately $90,000, down 2.7% in the past 24 hours. Looking back at 2025, Bitcoin ended the year with a decline of about 6%, but cryptocurrency concept stocks achieved a record-breaking performance, with an average annual return of 59%, indicating strong long-term confidence in the crypto industry. Bernstein states that the next core driver of growth in the cryptocurrency market will be “asset tokenization.” Therefore, analysts rate Robinhood (HOOD), Coinbase (COIN), Figure (FIGR), and Circle (CRCL) as “Outperform,” considering these companies the most representative “tokenization concept stocks” in the current market. “The 3 Major Engines” Driving the Crypto Market Development Bernstein points out that the next wave of growth in the cryptocurrency industry will be driven by three key pillars. The report indicates that stablecoins are rapidly transforming from a crypto trading tool into a mainstream financial system component. Analysts estimate that the total global supply of stablecoins will increase by 56% in 2026, reaching approximately $420 billion, mainly driven by cross-border commercial payments, consumer remittances, and new banking models based on stablecoins. Another major pillar is the tokenization of real assets, which involves converting traditional assets such as stocks, bonds, funds, and real estate into on-chain tokens. Bernstein estimates that the total value locked (TVL) of tokenized assets will grow from about $37 billion in 2025 to $80 billion in 2026, doubling in size.