Bernstein lowered its price target to $440 from $510 while maintaining an Outperform rating on Coinbase. The firm expects a tokenization supercycle in 2026, driven by the migration of dollars, capital markets and event-based assets onto the blockchain, and it remains bullish on Bitcoin, citing a potential bottom for the broader digital asset market. Rosenblatt reduced its Coinbase target to $325 from $470 with a Buy rating, noting a deceleration in trading activity but arguing the market has already priced in the lower volumes.
The firm remains bullish on Coinbase’s long-term transformation as it expands into equities, prediction markets and stablecoin payments, thereby reducing its reliance on volatile crypto trading cycles. Goldman Sachs upgraded Coinbase to Buy from Neutral and lifted its price target to $303 from $294, citing recent product launches that strengthened Coinbase’s competitiveness. The bank framed Coinbase as a best-in-class play for investors looking to capitalize on the expansion of crypto infrastructure.
Bernstein lowered its price target to $440 from $510 while maintaining an Outperform rating on Coinbase. The firm foresees a tokenization supercycle in 2026, driven by dollars migrating to the blockchain, and remains bullish on Bitcoin amid a potential bottom for the broader digital asset market. Rosenblatt reduced its Coinbase target to $325 from $470 with a Buy rating, noting a deceleration in trading activity but arguing that volumes have likely priced in the decline.
The firm remains bullish on Coinbase’s long-term transformation as it expands into equities, prediction markets and stablecoin payments, thereby reducing reliance on volatile crypto trading cycles. Goldman Sachs upgraded Coinbase to Buy from Neutral and lifted its price target to $303 from $294, citing recent product launches that strengthened Coinbase’s competitiveness. The bank framed Coinbase as a best-in-class play for investors looking to capitalize on the expansion of crypto infrastructure.
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