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Analyst doubles down on sinking crypto stocks
Jan. 6 opened on a high for crypto traders as Bitcoin touched the $94,000 mark. However, the joy was short-lived as BTC failed to break past it. Crypto-related stocks also faced sharp pullbacks as a result.
However, Bernstein analyst Gautam Chhugani has released his 2026 crypto outlook and he is much more optimistic about Bitcoin and a few major crypto stocks.
Analyst shares Bitcoin price prediction
Bitcoin started 2025 on a bullish note, surging to $102,000 in early January as Donald Trump took office. The rally soon lost steam, and BTC consolidated between $98,000 and $104,000 through February before slipping to $80,000 by month’s end and bottoming near $76,000 in April.
The second half of the year brought a gradual rebound, pushing prices to a yearly high of $126,000 in early October, just before an Oct. 10 flash crash erased double-digit gains. BTC closed the year trading sideways between $86,000 and $94,000, ending 2025 around $87,000.
After Bitcoin’s weak finish in 2025, it will recover now, Chhugani and his team said in a note on Jan. 6. BTC will reach $150,000 and a potential $200,000 peak in 2027, the note said. At press time, BTC was down to $92,035.48 after failing to sustain the $94,000 price, marking a 2.4% drop in the last 24 hours.
Roundtable: Analyst predicts crypto stocks will recover
Among crypto-linked equities, Michael Saylor's Strategy (Nasdaq: MSTR) remained the largest corporate Bitcoin holder. But it faced balance-sheet pressure after its modified net asset value (mNAV) approached 1, prompting the firm to add dollar reserves. The MSTR stock nearly 60% of its value over the past year and stayed barely 2.5% higher year-to-date (YTD). It was trading at $155.71 at press time, down 5.47% in a day.
Coinbase (Nasdaq: COIN), the largest U.S. crypto trading exchange, slipped 13% over the past year but stayed 10% higher YTD. It was trading at $248.71, down 2.5% in a day.
Circle (NYSE: CRCL), the crypto company behind the USDC stablecoin, posted 5% YTD gains and a 1.41% annual decline. The stock was down 1.5% in a day, trading at $83.40.
Robinhood (Nasdaq: HOOD), the e-trading platform offering cryptocurrencies and tokenized stocks, stood out with an annual surge of over 180%. It added another 6.5% gain YTD, reflecting renewed retail trading momentum. But the HOOD stock was down more than 2% in a day, trading at $120.44.
Figure Technology Solutions (NYSE: FIGR) is a fintech firm that offers blockchain-based products and solutions. While it has gained 55% in a year, its YTD gain stood at a staggering 35%. While all the above stocks sank today, the FIGR stock was up 5% in a day and was trading at $55.71.
Chhugani doubled down on Robinhood, Coinbase, Figure, and Circle and identified them as top tokenization proxies. These companies will continue to drive institutional adoption and lift the crypto sector, the note said. The analyst also predicted that Strategy’s premium would recover alongside Bitcoin’s price.
Bernstein anticipates a “tokenization supercycle” in 2026, with stablecoin supply rising 56% year-over-year to $420 billion as fintech giants like Block, Revolut, and PayPal expand blockchain integration. To put it simply, tokenization is the process of converting real-world assets (RWAs), such as stocks, real estate, or commodities into digital tokens recorded on a blockchain. These tokens represent ownership or rights to the underlying asset, allowing faster, cheaper, and more transparent trading and settlement.
The firm expects RWA tokenization to more than double from $37 billion in 2025 to $80 billion in 2026, with equity tokenization jumping from 2% to 16% of total on-chain value. Global banks are projected to launch their own blockchain tokenization programs in response.
Analyst says prediction markets will grow
Prediction markets are also forecast to double to $70 billion in 2026, creating roughly $1.4 billion in revenue opportunities for market makers and exchanges. Platforms like Kalshi, Polymarket, Robinhood, and Coinbase are expected to benefit as they move toward full regulatory legitimacy despite continued scrutiny from state regulators.
This article has been published in [thestreet.com](https://www.thestreet.com) via Yahoo News.
Analyst doubles down on sinking crypto stocks
Jan. 6 opened on a high for crypto traders as Bitcoin touched the $94,000 mark. However, the joy was short-lived as BTC failed to break past it. Crypto-related stocks also faced sharp pullbacks as a result. However, Bernstein analyst Gautam Chhugani has released his 2026 crypto outlook ...
finance.yahoo.com
