Table of Contents
Bernstein Predicts Extended Crypto Bull Market: A Look Ahead to 2027
In a recent update to clients, Bernstein analysts have amplified their forecast for the cryptocurrency bull market, now anticipating it could peak in 2027, a shift from their previous timeline suggesting a peak between 2025 and 2026.
Optimistic Projections for Bitcoin and Other Cryptocurrencies
The firm has raised its price predictions significantly, forecasting Bitcoin’s price to soar between AUD 232,000 (USD 150,000) and AUD 309,000 (USD 200,000) within the next 12 months. This anticipated rally could also extend to other major players in the crypto space, including Ethereum (ETH), Solana (SOL), and substantial DeFi (Decentralized Finance) tokens.
Bernstein has also increased its price targets for several prominent cryptocurrency companies, including Robinhood, Coinbase, and Circle. This growth outlook is attributed to factors such as heightened trading volumes and a more favourable regulatory environment for crypto businesses.
Robinhood and the Institutional Push
Among the significant beneficiaries of this bullish sentiment is Robinhood. Bernstein has raised its price target from AUD 162 (USD 105) to AUD 248 (USD 160) per share, anticipating a robust compound annual earnings per share (EPS) growth rate of 53% through 2027. The analysts pointed to Robinhood’s strategic acquisition of Bitstamp, which enhances its institutional user base. Additionally, the company’s expansion into the European market with staking and tokenised products serves as another driver for growth.
Market Dynamics and Trading Activity
Gautam Chhugani and his team forecast not just a Bitcoin surge but a broader rotation of capital into Ethereum, Solana, and high-market-cap DeFi tokens. They believe Coinbase is primed to benefit significantly from this shift.
The analysts share a common view with many in the cryptocurrency sector that a Federal Reserve interest rate cut may occur around September 2025. Such a development could act as a catalyst for increased demand for staking products and on-chain treasury strategies. These strategies, akin to those currently employed for Bitcoin, could offer enhanced yields through Ethereum and Solana.
Key Growth Indicators
Bernstein projects that trading activities will continue to escalate through 2026, reaching a peak in 2027. The report notes that current trading flows on platforms like Robinhood and Coinbase are already high, leading to a significant uptick in USDC (USD Coin) issuance. The analysis estimates that Circle’s stablecoin supply could surge to AUD 268 billion (USD 173 billion) by 2027, up from AUD 160 billion (USD 68 billion) currently.
Conclusion: A Bullish Horizon for Crypto
With this extended forecast, Bernstein’s optimistic projections highlight not only the expected growth for Bitcoin but also a broadening market participation as investors look to benefit from associated cryptocurrencies. As the financial landscape evolves, the anticipated trading dynamics and the adoption of stablecoins like USDC may indicate a maturing crypto market poised for significant advancement in the coming years.
