Every Zipp story tagged #Bernstein, newest first.
The 70% annual compounding call hinges on financial-asset contracts capturing 0.5% of a $900T pool, with crypto and commodities already pulling Kalshi's crypto share from under 5% to 20% in eight…
Bernstein argues 'any positive surprise is definitely not priced in' as Kalshi prediction market odds climbed back above 30% on bipartisan concessions in the final draft.
The 2029 horizon makes the call a long-term positioning benchmark, not a near-term trading signal, for investors assessing Bitcoin's institutional role.
The $160 price target on Outperform hinges on Robinhood expanding beyond spot trading into tokenized assets and event contracts, where volume margins are wider.
The rating stays Outperform even as the target drops $50, framing Open USD as a sentiment shock rather than a structural threat to USDC's reserve income.
The upgrade is not a crypto-trading call. It is a structural bet that prediction markets, perps, and Robinhood Chain layer-2 revenue climb to 23% of the platform's top line by 2028.
The $30 target bump hinges on a $70B-plus opportunity stack across prediction markets, perps, and tokenized equities, with event-contract revenue set to eclipse crypto by Q2 2026.
Miners have signed 19 hyperscaler deals worth $135B in two years, but only Core Scientific's CoreWeave contract clears the bar on returns. Cipher and TeraWulf sit at 4-5%.
The Wall Street research shop held its $150K year-end target and said capital flows still need to show signs of life before a true cycle bottom can be confirmed.
A 54% drawdown is harsh in absolute terms, but Bernstein reads it as benign versus the 75–90% wipeouts of prior cycles, and MicroStrategy's 2026 buying keeps a structural bid under the market.
The 140-company Open USD consortium, with Coinbase as a launch partner, looks like the first credible threat to USDC's distribution moat, and Circle still rates a $190 target.
DraftKings' DKeX launch is the latest sign of trading and betting platforms taking exchange infrastructure in-house, and Bernstein now calls industry consolidation tangible rather than hypothetical.
Bernstein says every major prediction platform now owns both consumer distribution and exchange infrastructure, and the two venues still missing that pairing sit squarely in the crosshairs.
The sector grew 40% year-to-date while broader crypto shed roughly a fifth of its value, and analysts now see two competing rails: trading access versus on-chain shareholder rights.
$2.6B in spot BTC ETF outflows year-to-date look small next to $12B in combined treasury + ETF inflows, and 61% of supply has sat dormant for over a year.
Bernstein analysts are flagging several bitcoin mining stocks as buys, anchoring the call in a simple thesis: follow…
The thesis is that GPU cloud economics eventually dwarf hash-rate margins — but the transition costs the miner its core cash flow identity along the way.
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