Svmuu News: Bernstein notes that Circle is no longer viewed merely as a “proxy investment vehicle” for crypto assets, but has transformed into a fintech infrastructure service provider, reflecting a profound shift in the company’s business positioning.According to Circle’s Q4 2025 earnings report, the company achieved significant revenue growth—total revenue for the fourth quarter reached approximately $770 million, a 77% surge compared to the same period last year, demonstrating strong performance.For CEO Jeremy Allaire, these results mark only the beginning of how artificial intelligence and blockchain technology are reshaping global economic models. During the earnings call, he stated that we are in the early stages of a fundamental transformation in how the global economic system operates, and that the future economic system will be more internet-driven and highly automated.Bernstein’s team of analysts believes that Circle. will play a key role in this evolution. In their latest research report, they reaffirmed their “Outperform” rating and $190 price target, suggesting that the company’s stock still has significant upside potential.Analyst Gautam Chhugani and his colleagues noted in the report that Circle’s fourth-quarter performance clearly diverged from overall crypto market trends, emphasizing that the company is evolving into a core internet infrastructure provider rather than merely a stablecoin or crypto token business. (Dlnews)