Bernstein Analyst Suggests Positioning in Crypto-Related Stocks During 2026 Market Pullback

BlockBeats News, January 6th, Bernstein analyst Gautam Chhugani stated that after a strong performance in 2025, the crypto industry still has medium to long-term upside potential in 2026, recommending investors to position themselves in crypto-related stocks during the 2026 market pullback.

In 2025, Bitcoin saw a mild 6% pullback in the weak fourth quarter, but crypto-related stocks on average surged 59%. Outlook for 2026:

Tokenization will become the dominant "super cycle".
Bitcoin has bottomed with a target price of $150,000 in 2026, and the 2027 cycle peak could reach $200,000.
Stablecoin supply is expected to grow by 56% to reach $420 billion, mainly driven by payments and fintech, involving companies like Block, Revolut, PayPal, etc.
Total Value Locked (TVL) of RWA tokenization is projected to increase from $37 billion to $80 billion, with tokenized equity rising from 2% to 16%, and banks may launch proprietary tokenization projects.
Predicted market trading volume is expected to double to $700 billion with approximately $1.4 billion in annual revenue; driven by the US midterm elections, related platforms (Kalshi, Robinhood, Coinbase) are poised to receive more regulatory support.

Recommended Targets:

Tokenization and Infrastructure: HOOD, COIN, FIGR, CRCL
Bitcoin Exposure: MSTR
AI and Hash Rate Related: IREN