Investment firm Bernstein named MicroStrategy (MSTR) a prime stock to watch in 2026. The firm forecasts a "tokenization supercycle" that will benefit crypto-related companies.
Analyst Gautam Chhugani detailed this outlook in a crypto report. Chhugani predicted Bitcoin could reach elevated targets despite expecting a soft end to 2025. The next major cycle peak is anticipated in 2027.
Bernstein highlighted that MSTR, Coinbase, and Robinhood are well-positioned to benefit from this trend. The drivers include the growing use of stablecoins and broader crypto adoption by major fintech companies. The firm noted MicroStrategy’s premium will likely return as the price of Bitcoin rebounds.