Crypto Bull Run Extends Through 2027: HOOD, COIN, CRCL Poised for Massive Gains - Bernstein Analysis

Crypto markets aren't just heating up—they're building a multi-year supercycle that could redefine digital asset valuations.

Bernstein's latest analysis suggests we're only in the early innings of a sustained bull market, with institutional adoption and regulatory clarity fueling unprecedented momentum.

Platform Plays Set to Dominate

Retail trading platforms and infrastructure providers stand to capture disproportionate value as capital floods into digital assets. HOOD and COIN represent the front-end gateways for mainstream adoption, while CRLC's underlying infrastructure plays position it as critical plumbing for the entire ecosystem.

The institutional dam has broken—pension funds, asset managers, and corporate treasuries now treat crypto allocations as mandatory rather than speculative. Traditional finance's slow embrace finally looks less like cautious strategy and more like terrified FOMO disguised as due diligence.

This isn't another 2017-style retail frenzy. The current cycle combines retail enthusiasm with serious institutional money—creating a feedback loop that could sustain prices through multiple market cycles.

Regulatory tailwinds and ETF approvals have removed structural barriers that previously capped institutional participation. The irony? Wall Street spent years dismissing crypto as a scam only to become its most powerful price driver.

While skeptics wait for the bubble to pop, smart money builds positions for a multi-year transformation of global financial infrastructure. The real question isn't whether this rally continues—it's whether traditional finance can adapt fast enough to remain relevant.