Here's Bernstein's Top Picks in Crypto. 'Buy Everything You Can'

Crypto markets continue their upward trajectory, with Bitcoin crossing $89,000 on Monday and institutional investment in digital assets reaching new highs.

Amid rising prices, Bernstein Research has issued a resounding endorsement of the sector, recommending clients "buy everything you can," according to a report published Monday.

Analysts Gautam Chhugani and Mahika Sapra attribute the market's buoyancy to a new political climate in Washington, with incoming policy advisors expected to ease longstanding regulatory headwinds for the industry. 

The rally, ignited by a more favorable regulatory landscape in the U.S. on a Donald Trump victory, has pushed asset managers, brokers, and private investors alike to reconsider their crypto exposure as optimism grows across the market, the pair wrote.

During his campaign, President-elect Trump made multiple pledges to crypto proponents, including creating a Bitcoin reserve, safeguarding U.S. interests for miners, promoting favorable policies, and forming a crypto council to oversee these initiatives.

Meanwhile, Bitcoin spot ETFs have seen record inflows in recent weeks, while Bitcoin miners and blockchain-related equities are attracting fresh capital as prices swell.

The report noted Bitcoin’s strategic positioning, with Bernstein predicting its potential to reach $200,000 by 2025 as adoption widens among corporations and institutions. 

In addition to Bitcoin, Bernstein’s "Digital Assets Basket" features top picks like Ethereum and Solana, along with high-beta tokens such as Arbitrum, Optimism, and Polygon, signaling broader support for DeFi and blockchain scalability plays.

“Going forward, as the regulatory environment around tokens eases out, we expect Ethereum, Solana, and other digital assets to outperform Bitcoin over the next 12 months,” the analysts wrote.

Bernstein’s research also singles out high-leverage equities for those seeking indirect exposure to crypto’s growth.

MicroStrategy, with its extensive Bitcoin holdings, and Robinhood, with its expanding crypto offerings following the Bitstamp acquisition, are among Bernstein’s equity picks.

For investors with a dual interest in AI and blockchain, Bitcoin miners like Core Scientific and Iris Energy are recommended as top players, given their hybrid business models incorporating AI data centers alongside traditional Bitcoin mining operations, the analysts said.