Bernstein Maintains $190 Price Target for Circle Amid Growing Stablecoin Adoption

Bernstein has reaffirmed its $190 price target for Circle, the issuer of USDC, suggesting a potential upside of around 70% from the stock's closing price on March 9. According to NS3.AI, the firm continues to rate Circle as outperforming, citing the accelerating adoption of stablecoins by individuals, businesses, and potentially AI agents. Bernstein highlights that stablecoins are increasingly serving as a global digital dollar banking infrastructure, progressing independently of the broader sentiment in crypto investments.