Bernstein initiates coverage on Figure with $54 price target, says blockchain set to transform credit capital markets

Investment banking giant Bernstein has initiated coverage on Figure Technologies with an ambitious $54 price target, signaling strong confidence in blockchain technology's potential to revolutionize credit capital markets. The financial services firm, positioned strategically at the convergence of cryptocurrency, trading, and consumer finance, is projected to achieve impressive 30% annual revenue growth through 2027.

Figure's blockchain-based approach to traditional financial services represents a significant shift in how credit markets operate, leveraging distributed ledger technology to streamline lending processes and reduce operational costs. This coverage comes as institutional adoption of cryptocurrency and DeFi (decentralized finance) solutions continues accelerating across traditional banking sectors.

Bernstein's bullish stance reflects growing Wall Street recognition that blockchain infrastructure will fundamentally transform legacy financial systems. Figure's unique positioning in the crypto ecosystem, combined with its focus on real-world financial applications, positions the company to capitalize on the ongoing digital transformation of credit markets. The substantial price target suggests analysts expect Figure to emerge as a key player bridging traditional finance with innovative blockchain solutions, potentially delivering significant returns for cryptocurrency investors seeking exposure to practical DeFi applications.