Investment firm Bernstein has told clients that the current crypto bull run is just beginning—and that platforms like Robinhood and Coinbase are well-positioned to ride the wave.
In a new report, Bernstein reaffirmed its “outperform” rating for both companies, citing strong fundamentals and rising investor engagement.
Robinhood impressed with its second-quarter results, particularly in crypto. Trading volumes hit a six-month high in July, boosted by renewed interest in Ethereum, Solana, and DeFi tokens following Circle’s new listings. Bernstein expects this momentum to grow throughout the second half of 2025.
Coinbase also earned praise for its deepening ties with traditional finance. The report highlighted its strategic partnership with JPMorgan Chase as a major driver of crypto adoption—marking a notable shift from the bank’s earlier skepticism toward digital assets.
Bernstein concluded that the combination of rising volatility, expanding crypto offerings, and increased institutional involvement supports the view that the market cycle is still in its early stages. The firm advised investors to stay the course, adding that there’s “no need for any action for now.”
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/crypto-bull-market-just-getting-started-according-to-bernstein/