Bernstein: Circle's stock price is expected to rise by 60%, with stablecoins adopting AI-powered financial agents as a key driving force

CycleProphet · 2026-03-11T01:42:24+00:00

The Bernstein team has given Circle (CRCL) a "Market Outperform" rating with a target price of $190, believing that its stablecoin USDC is gradually distancing itself from the bear market impact, with supply rebounding to $78 billion. Payment adoption and significant growth in trading volume are key factors, with initiatives by Nvisa and Circle driving market development. Meanwhile, AI-driven "agent finance" could become a new growth point.

CycleProphet

2026-03-11 01:42:24

Abstract generation in progress

Deep Tide TechFlow News, March 11, according to CoinDesk, Bernstein team has given USDC stablecoin issuer Circle (CRCL) a “beat the market” rating, with a target price of $190, about 60% higher than the current $120 level.

Bernstein pointed out that stablecoins are decoupling from the crypto market cycle. Despite the bear market, Circle’s USDC supply has rebounded to nearly $78 billion, close to its all-time high, with the total market cap of USD stablecoins remaining around $270 billion. Adjusted stablecoin trading volume has increased by over 90% year-over-year, with faster transaction speeds indicating its growing use outside of crypto trading.

The report emphasizes that payment adoption is a key driver. Visa currently supports over 130 stablecoin-linked cards in 50 countries, with an annualized settlement volume of about $4.6 billion. Circle Payments Network has covered approximately 55 institutions, with an annualized transaction volume of $5.7 billion. Additionally, Bernstein believes AI-driven “agent finance” could become a new growth theme, and Circle is building the high-throughput payment blockchain Arc to support this vision.

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