Bernstein Forecasts Coinbase (COIN) To Surge 90%, Setting $510 Price Target
Coinbase (COIN), the largest cryptocurrency exchange in the US, has experienced a significant decline in its stock valuation, dropping nearly 40% from its peak of $444 in July to its current trading level of around $271 per share. This, amid market fluctuations and heightened volatility in the broader crypto market, impacting the exchange’s stock performance. Bernstein Forecasts New Bullish Phase For Coinbase Despite these challenges, analysts at Bernstein hold an optimistic outlook on Coinbase’s stock price, suggesting a potential new bullish phase that could propel COIN to....
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Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge. Bernstein Analysts Raise Bitcoin Target To $200,000 In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This new price target comes after analysts foresaw BTC hitting $150,000 earlier in May. At the time, the analysts disclosed that they anticipated about $70 billion in inflows from Spot Bitcoin ETFs between 2024....
Wall Street research firm Bernstein has reiterated one of the boldest long-term calls in traditional finance, confirming a $1 million Bitcoin price target for 2033 while materially revising how and when it expects the market to get there. Bernstein Keeps $1 Million Price Target For Bitcoin The latest shift surfaced after Matthew Sigel, head of digital assets research at VanEck, shared an excerpt from a new Bernstein note on X. In it, the analysts write: “In view of recent market correction, we believe, the Bitcoin cycle has broken the 4-year pattern (cycle peaking every 4 years) and is now....
Alliance Bernstein has told its clients that bitcoin has a role in investment portfolios. The head of the Portfolio Strategy team of the firm’s research arm said he has changed his mind about bitcoin after previously stating that it did not have a place in investment portfolios. Alliance Bernstein Recommends Bitcoin Allocation Alliance Bernstein’s Inigo Fraser-Jenkins reportedly told clients on Monday that he’s changed his mind about bitcoin. Once a bitcoin skeptic, Fraser-Jenkins told clients in 2018 that bitcoin had no place in investment portfolios. However, in a note....
Hall of Fame investor Richard Bernstein has warned that bitcoin is in a bear market. Richard is the CEO and CIO of Richard Bernstein Advisors. A management fund that manages $4.7 billion and provides investment advisory services to over 10,000 clients. On Monday on CNBC’s Trading Nation, Bernstein was a guest where he talked about […]
The CEO of investment management firm Richard Bernstein Advisors warns that cryptocurrencies are the biggest financial bubble in history. He advises investors to stay away from “bubble assets,” which include cryptocurrencies.
Investment Adviser Sees Cryptos as the Biggest Financial Bubble in History
Richard Bernstein, CEO of Richard Bernstein Advisors (RBA), shared his view on where the crypto market is heading and how investors should approach 2022 in an interview with CNBC Friday.
Bernstein is also the founder and chief investment officer of RBA, an....