THE BLOCK · 2026-10-26 16:35 UTC

Prediction markets and derivatives drive Bernstein's crypto stock outlook for Coinbase, Robinhood and Circle

Bernstein cut Coinbase's price target to $250 from $330 and now forecasts a full-year loss due to weaker crypto trading. Circle's earnings expected to receive a lift from Arc token presale revenue despite lower reserve income. Robinhood expands event contracts as part of crypto derivatives strategy.

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