Stablecoin supply is expected to jump 56% to $420 billion, driven by growing crypto activity, and adoption by major fintech players.
Bernstein analyst Gautam Chhugani has laid out his crypto outlook for 2026, predicting that Bitcoin could reach $150,000. In addition, the analyst said that the next cycle peak would be around $200,000 in 2027, even after a soft finish to 2025.
Chhugani highlighted several crypto stocks positioned to benefit from tokenization. He singled out Robinhood, Coinbase, Figure, and Circle as top proxies.
He also expects MicroStrategy’s premium to return as Bitcoin rebounds and named IREN as Bernstein’s leading AI-focused pick.
The firm forecasts a “tokenization supercycle” in 2026, Walter Bloomberg reported. Stablecoin supply is expected to jump 56% to $420 billion, driven by growing crypto activity, cross-border payments, and adoption by major fintech players such as Block, Revolut, and PayPal.
Activity on Coinbase-owned Deribit shows traders placing increasing bets on Bitcoin touching $100,000 by the end of January. Meanwhile, prediction market Polymarket currently assigns a 23% chance that Bitcoin reaches $150,000 by year-end.
MicroStrategy is trading at $163.98, down 51.97% over the past year. The company acts as a proxy for Bitcoin, holding a massive 672,497 BTC.
The crypto stock currently trades at 1.3 times modified net asset value, below its historical premium.
Analysts remain optimistic, maintaining a strong buy consensus with an average target of $489.62, implying nearly 197% upside. Despite hitting 52-week lows, MicroStrategy recently raised its preferred dividend and continues to add to its Bitcoin holdings.
The combination of dividend support and ongoing accumulation keeps the company in focus for investors seeking exposure to Bitcoin through a public stock.
Circle Internet Group stock traded at $81.56 at the time of writing and is currently 18% over the past year. The company is a major issuer of USDC and EURC stablecoins.
The crypto stock has dropped over the past three months but remains slightly up for the year. This suggests investor sentiment is slowly improving, but confidence has not fully returned.
Circle Internet Group’s shares at $81 are well below the narrative fair value of $122.10. As such, this suggests the stock is undervalued and deserves closer attention.
Robinhood stock traded at $119.15, up 193.84% over the past year. The company runs a U.S. platform where people can trade stocks, ETFs, options, gold, and cryptocurrencies.
Its Robinhood Crypto platform allows trading of Bitcoin, Ethereum, Dogecoin, and other digital coins.
The crypto stock has grown in popularity among traders thanks to the platform’s fast product innovation and expansion. One recent launch, Cortex, is an AI assistant that gives custom indicators, market analysis, and real-time insights.
Another key product, Legend, adds advanced features such as futures trading, short selling, simulated options returns, and near 24/5 access to index options.
Robinhood Social is enhancing the community experience with verified trading profiles, strategy sharing, expert portfolio tracking, and upcoming copy trading.
Users can now manage up to 10 accounts for different strategies.
New banking services, including mortgage offerings and a Gold credit card, are expanding Robinhood’s personal finance ecosystem.
AI-driven tools and fast feature rollouts are boosting engagement, premium monetization, and user retention, while advanced trading tools continue to attract both retail and professional traders.
All these developments make Robinhood (HOOD) among the top crypto stocks to watch in 2026.
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