Bitcoin's projected price soaring to $200,000, as per Bernstein, amidst the ongoing bull market surge

In a significant development for the cryptocurrency market, analysts at Bernstein have raised their price targets for major players such as Coinbase, Robinhood, and Circle Internet Group, while maintaining an "Outperform" rating for all three. The predictions come as the market is expected to extend its bull run until 2027, according to Bernstein's latest report.

Robinhood, the popular trading app, has seen its business model become "more predictable" with the introduction of cryptocurrency trading, reducing its reliance on volatile trading revenues. Despite this shift, Robinhood's shares fell nearly 6% on Tuesday to about $108, indicating that the market may not yet fully appreciate the company's crypto-focused strategy.

The push to make America the "crypto capital of the world" is considered "mission-critical" for President Donald Trump's administration, and the administration's crypto-friendly policies are believed to be extending the market cycle. This has led to a surge in investor confidence, with many accumulating "dry powder" that could fuel further market growth.

Ethereum and Solana are expected to potentially lead the next phase of market growth. Digital asset treasury firms built around these blockchain platforms are predicted to continue scaling up, as they offer a more stable and secure environment for cryptocurrency transactions.

The stablecoin market, led by the USDC, is also expected to see strong upside, with the stablecoin supply projected to grow from $61 billion to about $220 billion by 2027. Historically, high stablecoin reserves have been a bullish signal for major rallies in Bitcoin and Ethereum. At present, stablecoin reserves have grown by 20% since February, with $32 billion on exchanges.

Bitcoin's price is predicted to reach between $150,000 and $200,000 within the next 6-12 months. This optimistic outlook comes from Ark Invest, which also takes an optimistic stance on the duration of the cryptocurrency exchange boom phase and has raised target prices for the stocks of Coinbase, Robinhood, and Circle Internet Group.

Interest rate cuts could spur renewed focus on decentralized finance (DeFi) and staking, as investors seek out higher returns in a low-interest-rate environment. This could further drive the growth of the cryptocurrency market, especially as more institutional investors enter the space.

In conclusion, the cryptocurrency market is poised for continued growth, with key players such as Robinhood, Coinbase, and Circle Internet Group expected to benefit from this trend. The push by the Trump administration to make America the "crypto capital of the world" is also expected to extend the market cycle, as more investors flock to the space. With Bitcoin's price predicted to reach new highs and the stablecoin market poised for growth, it seems that the cryptocurrency market is here to stay.