ICYMI: Crypto equities may be nearing a bottom.
Bernstein says names like @coinbase, @RobinhoodApp and @Figure are trading ~60% below 2025 highs.
But they still offer exposure to trillion-dollar markets, the analysts said.
The note highlights three different angles:
• Coinbase: driven by stablecoins, derivatives and new trading products
• Robinhood: benefiting from prediction markets and diversified revenue streams
• Figure: a direct play on tokenization and blockchain-based lending
Previously, Bernstein shared bullish coverage on all three company.
They said:
• COIN seen as “too cheap,” with stablecoins, derivatives and new products driving growth
• HOOD gaining from prediction markets + non-crypto revenue mix
• FIGR positioned as a pure-play on tokenization
Analysts expect a bottom to form into weak Q1 earnings — not after.
Full coverage below 👇