Bernstein analyst Gautam Chhugani is bullish on the cryptocurrency market in 2026 and recommends buying cryptocurrency company stocks on dips. His analysis includes: 1. 2026 Outlook: A tokenization supercycle will dominate. Bitcoin will bottom out and rebound, with a target price of $150,000 (2026) and a peak of $200,000 (2027). 2. Stablecoins: Supply will increase by 56% to $420 billion, with payment and fintech companies such as Block, Revolut, and PayPal heavily supporting stablecoins. 3. RWA Tokenization: TVL will increase from $37 billion to $80 billion, with banks participating in this area. 4. Prediction Markets: Trading volume will grow by 100% to $70 billion (revenue could reach $1.4 billion), with platforms such as Kalshi, Robinhood, and Coinbase receiving regulatory support.