Wall Street firm Bernstein has reiterated its confidence in Circle's strong fundamentals despite recent market fluctuations. Circle reported a Q3 revenue of $740 million, surpassing expectations, which Bernstein attributes to the company's strategic expansion into blockchain infrastructure and the ongoing adoption of USDC. The firm maintains an Outperform rating for Circle, with a price target of $230, highlighting USDC's liquidity advantage and long-term growth potential.