The broker said crypto equities trading at steep discounts are approaching a floor into weak first-quarter results, revising price targets on Coinbase, Robinhood and Figure. Bernstein sees crypto equities bottoming ahead of Q1 earnings after a ~60% drawdown from 2025 highs. It lowered its price targets for Coinbase, Robinhood and Figure despite the long-term growth outlook. The broker highlighted strong multi-year growth tied to stablecoins, tokenization and derivatives. Crypto-linked equities…
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