Bernstein expects Bitcoin (COIN:BTCUSD) to reach $300,000 by the end of 2029, with ***** yst Gautam Chhugani identifying the cryptocurrency as a major potential beneficiary of what he describes as the debasement trade.
The forecast ***** umes Bitcoin continues to broadly follow its historical four-year market cycle, with Bernstein also expecting the cryptocurrency to recover to a new record high of $150,000 by the middle of 2027.
"Following our price-to-marginal cost framework, we would expect the next market peak to be $300K by CY2029E and the market recovering to new all-time high of $150,000 by mid-2027E," Chhugani wrote in a note to clients.
Bernstein's longer-term Bitcoin outlook is partly based on its view that the four-decade period of declining interest rates has come to an end.
Governments are consequently facing higher debt-servicing costs at a time when sovereign debt levels have reached unprecedented levels, creating additional pressure on public finances.

#debt #levels

Bernstein ****** yst Gautam Chhugani has issued a bullish call on Bitcoin (BTC) amid institutional demand for the cryptocurrency and currency debasement.
Chhugani said he expects Bitcoin's price to reach approximately $125,000 by the end of 2026 under both base and bull cases.
Related: Coinbase CEO weighs leaving California over wealth tax
In a base case, he expects Bitcoin to hit a new all-time high (ATH) of $150,000 by mid-2027 and then reach around $300,000 in 2029.
The ****** yst thinks Bitcoin will continue its historical four-year cycle, but soaring national debt ($40 trillion currently) and dollar debasement could even spark a Bitcoin rally to $200,000 by mid-2027 and $500,000 in 2029 in a bull case.

#chhugani #expects #reach

With the returning rally in the price of bitcoin (BTC-USD), comes the return of big calls on bitcoin by the Wall Street bulls.
Bernstein ***** yst Gautum Chhugani thinks bitcoin will notch several important price milestones over the next few years.
"In our base case, we expect bitcoin to reach new all-time high of $150K by mid-2027 and $300K by 2029 end. However, given the macro regime shift, if institutional capital actively chases bitcoin, we could see an accelerated timeline, with bitcoin potentially peaking at $500K in 2029 and rapid recovery to new all-time highs of ~$200K by mid-2027. We maintain our bitcoin price forecast of ~$1 M million by 2033 end across the base and bull case," Chhugani said in a note on Wednesday.
Bitcoin is having a price gusher to close out August.
The price of bitcoin broke through $80,000 early Tuesday for the first time in 15 weeks. In the last 10 days, bitcoin is up 25%.

#Bitcoin #price #wall #bernstein

The rally in Circle (CRCL) stock could just be starting.
The call: With bitcoin (BTC-USD) prices coming back to life as the Treasury injects liquidity into the bond market, Circle shares have been rocking. The stock is up 23% in the past five days and trading at its highest level since mid-June, per Yahoo Finance AlphaSpace data.
Bernstein ***** yst Gautam Chhugani reiterated his Outperform rating on the stock and set a $140 price target in a note on Monday, implying at least 75% upside.
Chhugani outlined three main bullish points on Circle:
"We believe the recent momentum in crypto markets can be enduring, and we could be at the beginning of a new expansion cycle driven by macro regime change, real-world blockchain capital markets, stablecoin payments adoption (not just crypto) and some nascent signs of a stablecoin-led agentic economy."

#circle #markets #crcl #finance

Bernstein's Gautam Chhugani carries a $330 Street-high target on COIN, implying 77% upside despite three consecutive earnings misses and a 38% one-year decline.
HOOD is down just 4% YTD and CRCL is up 11%, making COIN's 18% year-to-date slide the clearest dislocation signal among crypto-adjacent peers.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Coinbase didn't make the cut. Grab the names FREE today.
Coinbase Global (NASDAQ:COIN) currently trades at $186.49, while Bernstein ****** yst Gautam Chhugani carries a Street-high price target of $330 on the stock. That implies roughly 77% upside if his call plays out.
Coinbase runs the largest US crypto exchange plus subscription products, stablecoin revenue tied to USDC, the Base blockchain, and a fast-expanding derivatives and prediction markets business. The company is reinventing itself as a "everything exchange" just as core trading fees shrink.

#Coinbase #street #year

The rally in Circle (CRCL) stock could just be starting.
The call: With bitcoin (BTC-USD) prices coming back to life as the Treasury injects liquidity into the bond market, Circle shares have been rocking. The stock is up 23% in the past five days and trading at its highest level since mid-June, per Yahoo Finance AlphaSpace data.
Bernstein **** yst Gautam Chhugani reiterated his Outperform rating on the stock and set a $140 price target in a note on Monday, implying at least 75% upside.
Chhugani outlined three main bullish points on Circle:
"We believe the recent momentum in crypto markets can be enduring, and we could be at the beginning of a new expansion cycle driven by macro regime change, real-world blockchain capital markets, stablecoin payments adoption (not just crypto) and some nascent signs of a stablecoin-led agentic economy."

#circle #treasury

Wall Street brokerage Bernstein has lowered its price target on the stock of stablecoin issuer Circle Internet Group (NYSE: $CRCL).
In a note to clients, Bernstein lowered its price target on CRCL stock to $140 U.S. from $190 U.S. while keeping a Buy-equivalent outperform rating on the shares.
Crypto ****** yst Gautam Chhugani writes that the Open USD consortium that pressured the stock is a lesser threat than the market realizes.
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#bernstein #crcl