Brokerage Bernstein Sees Potential for Crypto Stock Rebound

Brokerage Bernstein is seeing potential for a bottom in crypto-linked stocks ahead of Q1 earnings. In a recent note to clients, the firm maintained Outperform ratings on Coinbase (COIN), Robinhood (HOOD), and Figure (FIGR) while cutting price targets.

The shares of these companies have fallen significantly from their 2025 peaks, with COIN down 57%, HOOD down 62%, and FIGR down 59%. However, Bernstein expects double-digit growth in revenue and earnings for the three companies through 2027.

According to Bernstein, the recent selloff has created a more attractive entry point into tokenization and onchain-finance themes. The firm believes that these themes will gain traction over the coming years and is therefore maintaining its bullish ratings on Coinbase, Robinhood, and Figure.