Woofun AI reports that Bernstein has reaffirmed its outperform rating on Circle, setting a price target of $190, which implies roughly 203% upside. Analysts assert that despite Open USD highlighting sector recognition, it faces significant hurdles in overcoming Circle's network effects and liquidity advantages in the near term. USDC recorded $5.3 trillion in trading volume during the first half of 2026, driving its market share from approximately 40% in 2025 to about 60% currently.

Additionally, Bernstein sustains an outperform rating on Coinbase with a $330 target price.