Bernstein: Driven by the popularity of stablecoins and AI-powered financial agents, Circle's stock price could still have a 60% upside

MarsBitNews · 2026-03-11T01:48:38+00:00

Analyst Bernstein rates Circle stock as "Outperform," with a target price of $190 and an upside potential of approximately 60%. USDC supply rebounded to $78 billion in the bear market, with stablecoin applications gradually surpassing the crypto market. Payments adoption is the main driving force, and traditional networks support stablecoin growth.

MarsBitNews

2026-03-11 01:48:38

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Mars Finance reports that Bernstein analyst at brokerage firm Bernstein maintains a “buy” rating on USDC issuer Circle’s stock, with a target price of $190, approximately 60% higher than the current $120 level. The report points out that stablecoins are increasingly decoupling from crypto market cycles. Despite the market being in a bear phase, USDC supply has rebounded to nearly a record $78 billion, with the total market cap of USD stablecoins remaining around $270 billion. Adjusted stablecoin trading volume has increased by over 90% year-over-year, with higher trading turnover, indicating that stablecoins are being used more and more outside of crypto trading. Payment adoption is a major driving force, with stablecoins gradually integrating into traditional card networks. Visa now supports over 130 stablecoin-linked cards across more than 50 countries, with an annualized settlement volume of about $4.6 billion. AI-driven “agent finance” could become a new growth theme, where machine-to-machine small payments between autonomous software agents will require stablecoins as a natural payment medium.

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