币界网报道:Bernstein analysts initiated coverage on Circle (CRCL) with an outperform rating and a $230 price target, citing its regulatory advantage and market-leading USDC stablecoin network. Circle's IPO was priced at $31, surged 167% on debut, and peaked at $292 before correcting to $180.43. The analysts project stablecoin supply to grow 16x to $4 trillion in a decade, with Circle capturing 30% market share. USDC's $61.4B liquidity and regulatory edge under the GENIUS Act position it as a preferred partner beyond crypto exchanges. Bernstein values CRCL at 35x 2027 EBITDA, forecasting 47% annual revenue growth through 2027.