Bernstein extends crypto bull run to 2027 with HOOD price target raised to $160

Bernstein has revised its outlook for the crypto market, forecasting that the current bull cycle could extend through 2027. This extended timeline implies that bitcoin may reach price levels of $150,000 to $200,000 in the coming year, with the momentum broadening to include ether, solana, and decentralized finance (DeFi) tokens. The firm reiterated its “outperform” rating on Robinhood and raised its price target for the stock to $160 from $105 [1].

According to the analysts led by Gautam Chhugani, the bull case is supported by macroeconomic conditions, particularly the potential for falling interest rates in late 2025, which could drive demand for staking and yield-generating on-chain products. The report notes that ether and solana-based strategies may mirror the approach taken by MicroStrategy (MSTR) in its bitcoin accumulation, but with an added income component [1].

Bernstein highlighted Robinhood’s diversified business model as a key factor in its upgraded valuation. The firm expects the platform to deliver a 53% compound annual growth rate in earnings per share through 2027, supporting the raised price target. This assessment aligns with the broader market conditions, where trading volumes are projected to surge into 2026 and reach a peak in 2027. The report points to increased activity on Robinhood and Coinbase, as well as the expansion of USDC supply, as early signs of this momentum [1].

The firm also expressed optimism about Coinbase and Circle, forecasting that their strategic expansions in derivatives and stablecoin adoption—particularly USDC’s projected market size of $173 billion by 2027—will further support the bull case. The analysis underscores the increasing integration of crypto into mainstream finance and the growing institutional interest in digital assets [1].

While the analysis is bullish, it acknowledges that market outcomes remain subject to factors such as regulatory developments, technological advancements, and macroeconomic shifts. The firm’s revised timeline for the bull market is a clear signal of confidence in the sector’s long-term potential, particularly for firms that are well-positioned to capitalize on the continued adoption of cryptocurrencies [1].

Source:

[1] Crypto Bull Market Could Run Till 2027, With Major Upside for HOOD, COIN, CRCL: Bernstein (https://www.coindesk.com/markets/2025/08/19/crypto-bull-market-could-run-till-2027-with-major-upside-for-hood-coin-crcl-bernstein)