Bernstein has initiated coverage on SharpLink Gaming (SBET) with an 'outperform' rating and a price target of $24, indicating a potential 75% upside by the end of 2026. The firm highlights the company's strategic investments and favorable market conditions, including lower interest rates and rising demand for Ethereum-based assets. SharpLink plans to invest $200 million in Linea, an Ethereum Layer 2 network by Consensys, and currently holds 0.7% of the total Ethereum supply, valued at approximately $3.6 billion. Bernstein anticipates a 3.4% annual yield from staking and digital asset growth. The stock is currently trading at $13.08, which is 19% below its asset value.