ChainCatcher report, according to CoinDesk, Bernstein analysts have maintained an "Outperform" rating on Circle, the issuer of USDC, with a price target of $190, representing approximately a 60% upside from the current level of $120. The report notes that stablecoin adoption is increasingly decoupling from crypto market cycles: despite the ongoing bear market, USDC’s supply has rebounded to nearly a record $78 billion, while the total market cap of USD-pegged stablecoins remains stable at around $270 billion. Adjusted stablecoin transaction volume has grown more than 90% year-over-year, with improved turnover rates, indicating that stablecoins are being used more frequently beyond crypto trading. Payments adoption is the primary driver, as stablecoins are gradually being integrated into traditional card networks—Visa now supports over 130 stablecoin-linked cards across more than 50 countries, with an annualized settlement volume of approximately $4.6 billion. AI-driven "agent finance" could emerge as a new growth theme, as machine-to-machine micropayments between autonomous software agents will require stablecoins as a natural payment rail.
Bernstein: Circle's Stock May Rise 60% as Stablecoin Adoption and AI-Driven Finance Expand
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Summary
Bernstein analysts have upgraded Circle’s outlook, citing strong stablecoin adoption and growth in AI-driven finance. The firm maintains an 'outperform' rating with a $190 price target, indicating a 60% upside from current levels. USDC supply has rebounded to $78 billion amid a bear market, while total stablecoin trading volume increased over 90% year-over-year. Payment adoption is accelerating, with Visa supporting more than 130 stablecoin-linked cards globally. Fear and Greed Index data reflects growing confidence in stablecoin use cases, particularly as AI-driven micro-payments gain momentum.
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