Crypto Experts Forecast Bitcoin at $200K, Ethereum and Solana to Lead Innovation

According to a recent report from Bernstein, the firm's "highest conviction view remains Bitcoin at $200k this cycle." The analysts also believe that Ethereum and Solana "are set to outperform, leading innovation and adoption in decentralized applications."

Bernstein's optimism extends beyond just cryptocurrencies, as the firm has also expressed strong support for publicly traded crypto-exposed equities and infrastructure. Analysts have highlighted Robinhood, Coinbase, and Circle as beneficiaries of the growing institutional participation and mainstream adoption of digital assets.

The report emphasizes that regulated exchanges and payment platforms are well-positioned to capture significant inflows as investors seek compliant access points to the crypto market. Robinhood's growth in crypto trading volumes is seen as a sign of retail re-engagement, particularly after the introduction of spot Bitcoin ETFs. Coinbase is viewed as a central player in the U.S. institutional custody and trading infrastructure, while Circle's USDC stablecoin is cited as a core component of global crypto payments.

Bernstein stressed that while Bitcoin remains the anchor of the ecosystem, Ethereum and Solana now reflect deeper structural momentum. The analysts believe that Ethereum's scaling roadmap and Solana's growing developer traction demonstrate why these assets are "likely to take leadership roles" in the current cycle, rather than smaller, more speculative tokens.