Circle (CRCL) may rally another 60% driven by stablecoin adoption, AI agentic finance: Bernstein

Bernstein analysts, led by Gautam Chhugani, maintain an 'outperform' rating on Circle (CRCL) stock with a $190 price target, suggesting 60% upside from the current $120 level, following a recent surge. Their bullish thesis rests on stablecoin adoption, particularly USDC, decoupling from the broader crypto market cycles as they are increasingly used for digital payments. USDC supply remains near record highs despite crypto market volatility, supported by growing transaction activity and integration with traditional networks like Visa. Furthermore, Bernstein highlights 'AI-driven agentic finance' as a future growth catalyst, where stablecoins could serve as the natural payment rail for machine-to-machine micropayments, a vision Circle supports by developing its high-throughput Arc blockchain.

(Source：CoinDesk)