Circle (CRCL) Gets $230 Price Target From Bernstein, Leads Crypto Stocks To Watch This Week

Key Insights:

• Bernstein analysts have forecasted a $230 target for Circle stock, using a 10-year discounted cash flow model.
• Circle CRCL remains a top performer among other crypto stocks, despite a mild correction.
• Stablecoins are gaining more attention as regulatory clarity improves.

Circle Internet Group stock (CRCL) remains a top crypto stock with optimistic sentiments.

Although the value of CRCL dropped in extended trading over the weekend, expectations for a favorable rebound this week are high.

Analysts at Bernstein Research even predicted that CRCL could soar towards $230 soon.

Why Berstein Believes in the Future of CRCL

In a Monday note to clients, analysts led by Gautam Chhugani wrote, “We view CRCL as an investor must-hold, to participate in the new internet-scale financial system built for the next decade.”

The analysts forecast that the total stablecoin supply will grow to $4 trillion over the next decade.

This prediction represents a 16-fold increase from the approximately $244 billion stablecoin supply currently in place.

Their expectations are based on the ability of stablecoins to transition from the money rail of crypto markets to that of the internet.

They also expect “transformative growth in crypto, payments, and tokenized capital markets, to influence the stablecoin market.

Investor appetite for Circle stock remains high. CRCL is currently trading at 56x 2026 and 28x 2027 adjusted EBITDA.

Using a 10-year discounted cash flow model, Bernstein targets CRCL at $230, implying approximately 35 times 2027 adjusted EBITDA.

Berstein projects 71% EBITDA growth and 47% compound annual revenue growth from 2024 to 2027.

The firm expects adoption of Circle USDC stablecoin to offset rate-driven revenue pressure. The analysts believed this would create potential buying opportunities for CRCL during market pullbacks.

The Circle Stock Journey to Fame

As of this writing, CRCL was priced at $182.82, demonstrating a 1.47% increase in early market trading.

However, the crypto stock has experienced a $2.39 increase in its price within the past 24 hours.

The market capitalization of CRCL remains high at $43.76 billion, but is significantly lower than that of USDC, currently valued at $61.6 billion.

Still, the Circle Initial Public Offering (IPO) launch remains one of the most successful in market history.

Upon launching, Circle stock soared 167% on the first day. By day 18, the crypto stock saw an 800% increase to $279, before correcting.

Momentum for Circle stock continued shortly, especially in South Korea, as the crypto stock rallied 7.5% to $213.63 per share.

The demand for CRCL in South Korea has followed the election of pro-crypto President Lee Jae Myung. The president promised to quicken reforms to legalize Korean won-backed stablecoins.

Besides CRCL, other crypto stocks to watch this week include Coinbase (COIN), Strategy (MSTR), and Marathon Digital Holdings (MARA).

Over the last 24 hours, COIN has rallied by 1%, MSTR jumped by 1.59%, and MARA surged by 0.9%.

Stablecoins Get Regulatory Clarity

Meanwhile, the crypto community is celebrating regulatory clarity for stablecoins like USDC and Tether (USDT).

On June 17, US Senators passed the GENIUS Act with a 68–30 vote, creating the first federal framework for dollar-backed stablecoins.

If approved, the legislation will require stablecoin issuers to register with regulators and hold secure reserves.

Charles Hoskinson recently disclosed plans to sell some ADA from the Cardano treasury to acquire stablecoins.

This disclosure highlights the growing interest in stablecoins and their role in shaping the digital payments landscape.

In another bold move, Apple, Google, Airbnb, and X (formerly Twitter) are reportedly exploring the integration of stablecoins.

These stablecoin integrations, if successful, would allow trillions of dollars to flow through blockchain rails.