Bernstein: Bitcoin could reach $150,000 by 2026; recommends buying cryptocurrency company stocks on dips.

Bernstein analyst Gautam Chhugani is optimistic about the cryptocurrency market trend in 2026 and suggests buying cryptocurrency company stocks on dips. His analysis points out:

1. 2026 Outlook: The tokenization supercycle dominates. Bitcoin will bottom out and rebound, with a target price of $150,000 (2026) and a peak of $200,000 (2027).

2. Stablecoins: Supply increases by 56% to $420 billion. Payment and fintech companies such as Block, Revolut, and PayPal will strongly support stablecoins.

3. RWA Tokenization: TVL will increase from $37 billion to $80 billion, with banks participating in this area.

4. Prediction Markets: Trading volume will grow 100% to $70 billion (revenue could reach $1.4 billion). Platforms like Kalshi, Robinhood, and an exchange will gain regulatory support.