Bernstein Sets $230 Price Target for Circle (CRCL) – The Top Crypto Stock to Watch This Week

• Why Is Circle (CRCL) the Top Crypto Stock to Watch?
• What’s Driving Bernstein’s $230 Price Target for CRCL?
• How Has CRCL Performed Since Its IPO?
• Which Other Crypto Stocks Are Worth Watching?
• How Is Regulatory Clarity Boosting Stablecoins?
• FAQs

Bernstein analysts have set a bullish $230 price target for Circle (CRCL), citing its strong position in the crypto market and the growing adoption of stablecoins. Despite a minor correction, CRCL remains a top performer, with expectations of a rebound this week. Regulatory clarity for stablecoins like USDC and Tether (USDT) is further fueling optimism. Other crypto stocks like Coinbase (COIN), MicroStrategy (MSTR), and Marathon Digital (MARA) are also in focus. Dive into the details below to understand why CRCL is leading the pack and what’s driving the crypto market this week.

Why Is Circle (CRCL) the Top Crypto Stock to Watch?

Circle’s stock (CRCL) has emerged as a standout performer in the crypto market, backed by Bernstein’s optimistic $230 price target. The analysts base this projection on a 10-year discounted cash flow model, highlighting CRCL’s potential to dominate the stablecoin space. With USDC gaining traction and regulatory frameworks solidifying, Circle is well-positioned for long-term growth. The stock’s recent performance—despite a slight dip—reflects strong investor confidence, making it a must-watch this week.

What’s Driving Bernstein’s $230 Price Target for CRCL?

Bernstein’s analysis underscores CRCL’s role in the "new internet financial system." The firm predicts the stablecoin market could grow 16x to $4 trillion in the next decade, with Circle’s USDC at the forefront. CRCL is currently trading at 56x its 2026 adjusted EBITDA and 28x its 2027 figure, signaling high growth expectations. Bernstein’s $230 target aligns with 35x the 2027 EBITDA, supported by projected 71% EBITDA growth and 47% annual revenue growth from 2024–2027. The analysts also note that USDC’s yield potential could offset interest rate pressures, creating buying opportunities during market dips.

How Has CRCL Performed Since Its IPO?

Circle’s IPO was one of the most successful in market history, with shares surging 167% on day one and peaking at $279 (up 800%) by day 18 before correcting. Recently, CRCL gained 7.5% in South Korea following pro-crypto President Lee Jae Myung’s election. The stock currently trades at $182.82, up 1.47% in early trading, with a market cap of $43.76 billion. While lower than USDC’s $61.6 billion valuation, CRCL’s momentum remains strong.

Which Other Crypto Stocks Are Worth Watching?

Beyond CRCL, keep an eye on:

• Coinbase (COIN): Up 1% in 24 hours.
• MicroStrategy (MSTR): Up 1.59%, continuing its Bitcoin-heavy strategy.
• Marathon Digital (MARA): Up 0.9%, a key Bitcoin miner.

These stocks reflect broader crypto market trends, with regulatory developments and institutional adoption driving interest.

How Is Regulatory Clarity Boosting Stablecoins?

The U.S. Senate’s passage of the GENIUS Act (68–30 vote) on June 17 established the first federal framework for dollar-backed stablecoins. This requires issuers to register and maintain reserves, boosting confidence in USDC and USDT. Notably, Cardano’s Charles Hoskinson plans to buy stablecoins using ADA treasury funds, while Apple, Google, and others explore integrations—potentially funneling trillions through blockchain networks.

FAQs

What is Bernstein’s price target for Circle (CRCL)?

Bernstein has set a $230 price target for CRCL based on a 10-year discounted cash Flow model, reflecting 35x its 2027 adjusted EBITDA.

Why is CRCL considered a top crypto stock?

CRCL leads due to its USDC stablecoin’s growth potential, regulatory tailwinds, and strong financial projections, including 71% EBITDA growth by 2027.

How did CRCL perform after its IPO?

CRCL surged 167% on its first trading day and peaked at $279 (up 800%) within 18 days, making it one of the most successful IPOs in crypto history.

Which other crypto stocks are trending?

Coinbase (COIN), MicroStrategy (MSTR), and Marathon Digital (MARA) are gaining, with COIN up 1%, MSTR up 1.59%, and MARA up 0.9% in 24 hours.

What’s the impact of the GENIUS Act?

The GENIUS Act provides federal oversight for stablecoins, requiring issuer registration and reserves, which could accelerate mainstream adoption of USDC and USDT.