[Bernstein Rates Circle as 'Outperform,' Sets Target Price at $190] BlockBeats News, February 26: Bernstein stated that Circle is now a financial technology infrastructure provider rather than a 'proxy investment target' for crypto assets. Circle's fourth-quarter financial report revealed that its 2025 revenue surged by 77%, reaching $770 million. For Circle CEO Jeremy Allaire, this is merely the beginning of the impact of artificial intelligence and blockchain technology on the global economy. He stated: 'We are at the very early stages of a profound and fundamental transformation in how the global economic system operates. Our global economic system will not only become more internet-native but also more automated.' Bernstein believes Circle will play a key role in this transformation. In a new report, it reiterated its 'Outperform' rating for Circle and the $190 target price, implying a 129% upside potential. The report also highlighted that Circle is evolving into core internet infrastructure. Analyst Gautum Chhugani and his three colleagues described Circle's fourth-quarter performance as 'a clear divergence from the crypto market.'