Funding Financial institution Bernstein not too long ago launched an attention-grabbing analysis report predicting that the bull cycle within the cryptocurrency market will proceed till 2026. This ongoing surge is not going to solely proceed its present upward momentum, however can be pushed by two rising forces: stubcoin and safety tokenization. It’ll lead to an entire reshaping of the digital asset ecosystem. In the meantime, the report particularly mentions retail buying and selling platform Robinhood, which has seen its cryptocurrency buying and selling quantity surge by 2024 to triple the extent seen in 2024, and has seen main beneficiaries on this bull market. I am predicting it is going to be.
Stubcoin and safety tokenization: “Twin-core drivers” behind the bull market
Bernstein’s evaluation highlights Stablecoins because the “stabilizing anchor” for Crypto Economic system, transferring past its preliminary position as a cost device to quickly transfer to the bridge that connects conventional funds to the blockchain world. Masu. As of February 2025, international Stablecoin’s market capitalization was near $200 billion, with USDT and USDC dominating the market. Nevertheless, the report means that over the subsequent two years, stubcoin purposes will develop additional, together with integration into cross-border buying and selling settlements, sensible contract finance, and distributed finance (DEFI). This diversified growth will considerably improve market demand for crypto belongings.
On the similar time, safety tokenization is taken into account one other main development engine. Not like conventional crypto tokens, safety tokens digitize real-world belongings comparable to shares, bonds, and actual property, and use blockchain know-how to allow higher liquidity and transparency. Bernstein predicts that by 2026 the worldwide safety token market might exceed $500 billion. This pattern has not solely attracted the eye of institutional buyers, but additionally gives retail buyers with unprecedented alternatives for participation. The report particularly mentions platforms like Robinhood, that are anticipated to additional strengthen its place within the crypto market by offering tokenized asset buying and selling providers.
Robinhood: From “peripheral gamers” to “core hub”
Robinhood, a buying and selling platform primarily aimed toward youthful customers, has made notable advances within the cryptocurrency area. Bernstein’s information reveals that non-cryptic belongings (shares and choices) at present contribute 60% of Robinhood’s buying and selling income, whereas cryptocurrencies account for 40%. Nevertheless, the analysis report boldly predicts that this share can be a dramatic reversal between 2025 and 2026, with cryptocurrency buying and selling probably accounting for greater than 70% of income. Behind this shift is a pointy grasp of Robinhood’s market tendencies and a step by step relaxed US regulatory atmosphere.
Particularly, Morgan Stanley had beforehand expressed related views, however because the US Securities and Trade Fee (SEC) has clarified its regulatory framework for crypto corporations, Robinhood has mentioned it’s “extra aggressive in crypto market competitors.” Please be aware that you could take part within the occasion. This contains launching extra crypto derivatives, supporting tokenized asset buying and selling, and difficult probably decentralized finance. In mild of this optimistic outlook, Bernstein has raised Robinhood’s inventory goal from almost 100% to $105, exhibiting robust confidence within the firm’s future development.
The “invisible driver” behind the bull market
Past Stablecoins and safety tokenization, Bernstein highlights potential components that aren’t explicitly highlighted within the report. That is additionally necessary to vary within the international macroeconomic atmosphere. As main economies step by step emerge from the shadow of excessive inflation in 2025, durations of rate of interest discount might inject new vitality into dangerous belongings, additional revealing the character of the “digital gold” of cryptocurrency. Moreover, geopolitical uncertainty might drive extra capital into decentralized belongings as a secure haven. This “invisible driver” mixed with technology-driven innovation might deliver an sudden increase to the cryptocurrency bull market.
In fact, the anticipated bull market is not going to come with out danger. Regulatory insurance policies, technological vulnerabilities, and uncertainty in overheated market hypothesis can all function obstacles. For instance, if safety tokenization is broadly adopted, challenges associated to authorized compliance and cross-border coordination have to be addressed. In the meantime, the enlargement of stubcoin might face aggressive stress from central financial institution digital forex (CBDC). However Bernstein believes these challenges will speed up the trade’s elimination course of and in the end drive the crypto market in the direction of maturity.
