Bernstein: Figure's tokenized lending platform could help its stock price double.

CoinFeed reported on April 7th that Bernstein analysts stated that blockchain lending platform Figure Technology may be undervalued at present, and its expanding tokenized credit market and surging loan volume will drive its stock price up. Bernstein gave Figure an "Outperform" rating and set a target price of $67, almost double the current trading level of $32. Figure's loan disbursements reached $1.2 billion in March 2026, a 33% increase month-over-month, marking the first time it has surpassed $1 billion in a single month. Its Provenance blockchain-based lending platform reduces friction in the loan process, saving 117 basis points per loan. Total loan disbursements in the first quarter of 2026 reached $2.9 billion, more than doubling year-over-year, with an annualized loan volume of approximately $12 billion.