Bernstein has initiated coverage on SharpLink Gaming (SBET) with an 'Outperform' rating and a price target of $24, suggesting a 75% upside potential. SharpLink is recognized as a significant Ethereum vault holder, possessing 0.7% of the total Ethereum supply. Bernstein projects Ethereum's price to surpass $15,000 by 2030, with Ethereum-based assets potentially reaching $5 trillion by 2035. SharpLink plans to invest $200 million in Ethereum on Consensys' Linea platform to leverage current staking yields of approximately 2.5%. The company's stock was trading at about $13.65 in early Thursday trading, reflecting investor interest following Bernstein's optimistic outlook.