Circle Stock Surges As Bernstein Sees Upside From Stablecoins
Bernstein reiterated an 'Outperform' rating on Circle stock, citing 60% potential upside driven by accelerating stablecoin adoption following new U.S. regulation.Summary
Circle Internet Financial (CRCL) stock is performing strongly in 2026, with shares surging nearly 49% year-to-date, decoupling from the broader crypto market. Analysts at Bernstein maintained their “Outperform” rating and set a $190 price target, suggesting a potential 60% upside from current levels near $118. This bullish outlook is primarily driven by the rapid adoption of stablecoins, especially following the passage of the GENIUS Act in 2025, which established a federal regulatory framework for dollar-pegged tokens in the U.S.
Circle, whose USDC stablecoin is the second largest globally, is positioned to benefit directly from this regulatory clarity. The company has also built significant credibility with traditional finance, evidenced by partnerships where BlackRock manages its reserve fund and BNY Mellon acts as a primary custodian for reserves. Investments from major institutions like Fidelity and Goldman Sachs further underscore growing traditional finance interest in stablecoin infrastructure.
(Source：Cointelegraph)