Bernstein has reiterated a $140 price target for Circle (CRCL), asserting that the stablecoin giant's growth trajectory is independent of the CLARITY Act's passage. This positive outlook is supported by recent USDC supply growth, increasing stablecoin adoption for payments, and Cathie Wood's endorsement of Circle as a disruptor to traditional financial services.
Bernstein has reaffirmed its bullish stance on Circle (CRCL) with a $140 price target, emphasizing that the company's growth is driven by macro trends like stablecoin adoption and AI payments, rather than regulatory clarity from the CLARITY Act. This suggests a strong fundamental outlook for CRCL, even if regulatory frameworks evolve differently than expected. Cathie Wood's comments further bolster the narrative of Circle as a disruptive force, potentially challenging established players like Visa (V) and Mastercard (MA) in the long term. For traders, this indicates a potential upside for CRCL, with key technical levels identified, while traditional payment processors might face increasing competitive pressure.