Tokenization ‘supercycle’ set to drive crypto’s next leg higher in 2026: Bernstein
Wall Street broker Bernstein said 2026 is likely to mark the start of a tokenization “supercycle,” with digital assets having probably bottomed after a weak end to 2025, making market dips an opportunity to add exposure to crypto-linked stocks.
The broker says sentiment weakened late last year but underlying fundamentals remain intact, analysts led by Gautam Chhugani wrote in a Tuesday report.
Bernstein maintained its bitcoin forecast of $150,000 in 2026, with a $200,000 target for the peak of the next market cycle in 2027.
The world’s largest cryptocurrency was trading around $91,600 at publication time.
While bitcoin finished 2025 down about 6%, the report noted that crypto equities delivered their strongest year on…
