Bernstein: Tokenization 'supercycle' set to drive crypto’s next leg higher in 2026
After a choppy end to 2025, Wall Street broker Bernstein said crypto markets have likely bottomed and it sees a broad-based tokenization boom reshaping finance.\nWhat to know : Bernstein expects a tokenization 'supercycle' in 2026 spanning stablecoins, capital markets and prediction markets. The broker reiterated its $150,000 bitcoin forecast for 2026 and $200,000 as its peak 2027 cycle target. Coinbase, Robinhood and other crypto-linked equities are seen as key beneficiaries.