Shares of stablecoin issuer Circle have risen 49 percent this year, emerging as one of the stocks drawing attention on Wall Street.
Bernstein forecast Circle shares have room to rise further as stablecoin adoption accelerates, and presented a $190 price target, Cointelegraph reported on March 10 local time.
Circle shares plunged late last year but rebounded from a $50 low in early February and have recovered to $118.17. That performance far outstrips the S&P 500 index, which is up 0 percent since the start of the year, and the Nasdaq 100 index, down 1 percent.
Bernstein sees clearer stablecoin regulation as a growth driver for Circle. The GENIUS bill passed in 2025 clarified stablecoin reserve standards and disclosure requirements, helping companies better understand regulation on the use of dollar-linked tokens, Cointelegraph reported.
Chi-gyu Hwang
delight@d-today.co.kr