Bernstein sets $140 price target for Circle amid USDC growth cycle
USDC's expansion could provide significant upside for Circle shares.
1Signs of growth in USDC
According to Bernstein's research note published on Monday, USDC's supply increased by approximately $2 billion in seven days, ending a six-month period of stagnation. Analysts termed this development 'digital dollar reflation.' The firm set a $140 price target for Circle shares, implying about 60% upside from current levels.
2Rally in Circle shares
Circle shares have gained roughly 40% over the past month. The company went public in June 2025 at $31 per share, raising $1.1 billion. However, a broader crypto market downturn pushed the stock back toward its IPO price by November 2025. In its most recent quarter, Circle reported $701 million in revenue and $48 million in net income.
3USDC leads in transaction volume
While USDC remains smaller than Tether's USDt by market capitalization, it has made significant strides in transaction volume. USDC's share of adjusted stablecoin transaction volume rose from about 40% in 2025 to over 60% in 2026. This shift indicates growing adoption of USDC as a payment instrument.
4Drivers of stablecoin growth
Bernstein identifies four key factors that could drive stablecoin growth: renewed momentum in crypto markets, regulatory clarity in the U.S., tokenized capital markets, and increased stablecoin adoption for payments. Early signs of stablecoin usage by AI agents also present an interesting development.
5Stablecoins in global remittance
Western Union's launch of stablecoin-based remittances via the Visa network accelerates the integration of these assets into traditional finance. Stablecoins are increasingly preferred for low-cost, fast cross-border payments. This trend creates long-term growth opportunities for companies like Circle.
6Impact of regulatory environment
The EU's MiCA regulations introduce new rules for stablecoins, but Bernstein notes that regulating DeFi applications will be challenging. Reduced regulatory uncertainty could encourage institutional investors to enter the stablecoin market, potentially boosting USDC adoption.
7Potential of tokenized asset markets
The tokenization of traditional financial assets on blockchain could increase stablecoin usage. USDC and similar stablecoins may serve as natural instruments for trading these tokenized assets. Circle, as an early mover in this space, could gain a significant advantage.
8Long-term outlook for Circle
Bernstein's analysis suggests that USDC's growth cycle could drive strong performance for Circle over the next 12 months. The company's expanding role in payment systems, tokenized finance products, and global remittance positions it for sustained growth. The $140 price target reflects this potential.
Original article: Cointelegraph.com News — Bernstein, Circle için 140 dolarlık hedef belirledi