Bernstein listed several crypto stocks that he thinks have the potential to perform well in 2026, suggesting that Bitcoin has likely hit its bottom.
Global Equity Research shared this view in a note published on January 6, 2026, as the crypto market shows early signs of recovery after the significant losses recorded in the second half of 2025.
Bernstein believes Bitcoin has hit bottom
In particular, while the broader crypto market and Bitcoin have started to recover this year, prices have not fully recovered. Specifically, Bitcoin is up about 7.6% year to date in 2026, but is still trading below $100,000. Currently, Bitcoin is at $94,122, still more than 25% below that level. 2025 All-time high $126,272.
Despite the current position, Bernstein urged investors to buy in his latest note. virtual currency stocks During pullback in 2026. Analyst Gautam Chughani said company I keep feeling it Despite the negative sentiment that dominated the market in the fourth quarter of 2025, we remain confident in Bitcoin.
Interestingly, the market commentator added that Bernstein believes with reasonable confidence that Bitcoin and the broader digital asset market have already formed a bottom.
The company highlighted performance data, highlighting that Bitcoin ended 2025 down approximately 6%. In contrast, crypto stocks on average About 59%, even After cooling Towards the end of the year. this show of strength Comparison of companies specializing in cryptocurrencies and The underlying asset during the volatility period.
Trends to watch and stocks to buy
Meanwhile, Bernstein expects 2026 to be centered around what the company calls an event. tokenization supercycle. The company believes blockchain-based finance will expand across stablecoins, tokenized capital markets, and prediction markets.
We expect the total amount locked in tokenized assets to increase from approximately $37 billion in 2025 to nearly $80 billion in 2026. Bernstein also expects equity tokenization to take up a larger share of on-chain activity as traditional financial assets migrate to blockchain.
The research firm also focused on stablecoins. Chugani predicts that the total supply of stablecoins will increase by 56% year-on-year to approximately $420 billion. He expects demand to be driven by new activity in the crypto market, increased use of cross-border business-to-business payments, and the introduction of automated, agent-based payment systems.
Additionally, Bernstein highlighted the significant growth potential in prediction markets. The company believes the sector will double in size to about $70 billion by 2026. He suggested that clearer regulatory guidance from US federal agencies would help legitimize these platforms and attract more users and capital.
Considering these trends, Bernstein identified Robinhood (HOOD). Coinbase (COIN), FIGR, and Circle (CRCL) The company ranks crypto stocks at the top and claims to be the strongest agency for tokenization themes. The company also expects Strategy (MSTR) to deliver significant gains as Bitcoin recovers, given its Bitcoin exposure.
Bernstein has always maintained a bullish stance.
Bernstein’s current stance is based on his long-standing bullish view on Bitcoin. Chugani in October 2023 predicted Citing the approval of a spot Bitcoin ETF in the US and the April 2024 halving, he said Bitcoin could reach $150,000 by mid-2025. At the time, Bitcoin was trading near $35,000.
In June 2024, Bernstein upgraded his long-term forecast, predicting that Bitcoin would reach $200,000 by 2025, $500,000 by 2029, and $1 million by 2033. But when Bitcoin fell by about 25% in the fourth quarter of 2025, Bernstein argued in November that the concerns were: around it Typical 4-year cycle peak drove sale, do not have Weakening of fundamentals.
The company said the previous cycle will no longer apply by December 2025, following a significant 30% adjustment. Bernstein said The market is entering a longer bullish phase as institutional buying offsets retail selling and ETF outflows have fallen below 5%. The schedule was then adjusted to target $150,000 in 2026, a peak of $200,000 in 2027, and the $1 million goal in 2033.
