Rich by Coin

Bank of America has upgraded Coinbase to a Buy as it envisions the cryptocurrency exchange evolving into an ‘everything exchange’ and driving its shares higher. The bank left Coinbase’s $340 price target unchanged, arguing that long-term growth opportunities and improving product momentum could support a stronger growth trajectory. Analysts highlighted Coinbase’s expansion into stock ETF trading and prediction markets as evidence of the upgraded thesis, noting that such product velocity underpins the broadened addressable market.

Siegelenthaler (sic) pointed to Base, Coinbase’s layer-2 network, as central to its infrastructure push, with a native token potentially incentivizing investors and helping raise capital. The note emphasizes that Base is a cornerstone of Coinbase’s wider strategy to cross-sell more products to its existing user base, supporting the “everything exchange” narrative while expanding institutional capabilities. Bank of America’s price forecast implies upside of almost 38% over the coming year.