[Goldman Sachs Expects Circle Revenue Growth, Target Price $96] According to Tide Research, the Goldman Sachs July 5 Circle meeting minutes indicate that USDC use cases are expanding into cross-border payments and AI agents. USDC accounts for approximately 99% of transaction volume in the x402 agent payment protocol. Circle has launched the Arc L1, CPN, and Agentic Stack product lines. Goldman Sachs forecasts Circle's revenue to grow from $1.2 billion to $2.2 billion between 2026-2028, with a neutral rating and a target price of $96. The current stock price is $64.62, implying an upside potential of approximately 48.6%. Declining interest rates pose a valuation risk.