Bernstein maintained its 'outperform' investment rating and a $140 price target for Circle (CRCL). According to CryptoBriefing, Bernstein stated, "The market is underestimating Circle's long-term growth potential. Concerns about increased competition and declining revenue due to falling interest rates are overlooking future revenue streams from Circle's distribution network, regulatory advantages, and Arc blockchain, partnerships, and transaction services." They added, "Upwardly revised 2026 earnings forecasts, approval of the National Trust Bank application, and the launch of Arc mainnet will act as catalysts to expand revenue beyond the current business model."