Bernstein: Multi-category investors recognize the "return to crypto" trend and plan to increase market participation
TechFlow news, according to The Block, research firm Bernstein recently found in a survey that investors across finance, payments, data centers, and other sectors broadly recognize the trend of a "crypto comeback" and plan to increase their market participation. The latest research report indicates that the cryptocurrency market is entering a new wave of institutional investment.
Bernstein's latest research report shows that driven by potential policy benefits under the Trump administration and regulatory easing, Bitcoin ETFs and corporate purchases could reach $120 billion in 2025—double the 2024 level. Analyst Gautam Chhugani noted that institutional investors hold a neutral stance on cryptocurrency prices, showing greater interest in related equity investment opportunities.
Bernstein maintains an "outperform" rating on six companies: MicroStrategy (target price $600), Robinhood ($51), Riot ($22), CleanSpark ($30), IREN ($26), and Core Scientific ($17).
Among them, Robinhood is seen as the biggest beneficiary of the crypto "deregulation" wave, while Bitcoin miners are gaining attention due to their potential transformation into artificial intelligence businesses.
