Bernstein: Circle's stock still has 70% room for increase

SmartContractAuditor · 2026-03-10T14:06:34+00:00

Analyst Bernstein maintains a bullish rating on stablecoin issuer Circle, with a target price of $190, expecting a 70% upside. Despite market volatility, stablecoins remain resilient, with USDC supply rebounding to approximately $78 billion, while Tether's USDT supply stands at $184 billion.

SmartContractAuditor

2026-03-10 14:06:34

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Odaily Planet Daily reports that Bernstein analyst reiterated a bullish outlook on stablecoin issuer Circle in a Tuesday report, maintaining a “market outperform” rating with a target price of $190, implying about 70% upside from Monday’s close. The analyst believes that stablecoins are increasingly decoupling from the broader cryptocurrency market cycle, with their adoption remaining resilient even during market volatility. Although USDC supply briefly declined after liquidity events and overall market adjustments in October, it has since rebounded to approximately $78 billion in circulation, reaching a new high, while Bitcoin’s trading price remains well below its previous peak. Meanwhile, Tether’s USDT supply is around $184 billion. (The Block)

USDC-0.01%

BTC1.82%

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