TechFlow, August 19 — According to The Block, Bernstein analysts released a new report stating that the current cryptocurrency bull market cycle could extend to 2027, driven by U.S. policy support and increasing institutional investor participation. Analysts expect Bitcoin's price to reach between $150,000 and $200,000 in the coming year. The report raised target prices for several publicly traded crypto-related companies: Robinhood's target price was increased to $160; Coinbase's target price was set at $510, with expectations that growth will be driven by expansion in its derivatives business; Circle's target price was maintained at $230, with forecasts indicating its USDC stablecoin supply will reach $173 billion by 2027.
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