Crypto Market Correction Reveals Shift Towards Tokenized Finance

The crypto market has experienced a significant correction in recent months, with stocks plummeting up to 60% since their 2025 peaks.

Despite this decline, Bernstein believes that this drop could represent a turning point for investors, offering a more attractive entry point into the sector.

The firm's price targets for Coinbase, Robinhood, and Figure have been lowered amid short-term pressure, with adjustments made to reflect the market's absorption of excess valuation accumulated during the previous phase.

Beyond the correction, Bernstein highlights a deeper transformation underway in the sector - the shift towards tokenized finance, including stablecoins, tokenized credit, and on-chain prediction markets.