Coinbase stock rose 17% on February 14, 2026, after earnings, with Bitcoin analysis showing the crypto market climbing as Bitcoin neared $68,000. Despite positive sentiment from major banks, technical indicators suggest a potential resumption of the downtrend. Coinbase stock jumped more than 17% on Friday.
Bitcoin and other cryptocurrencies rebounded at the same time. The surge followed the company’s release of its fourth-quarter financial results. COIN jumped to a high of $164, up from the year-to-date low of $140. Still, this rebound could be brief as technical analysis suggests that it has more downside to go in the near term.
Analysts maintained their bullish outlook for the stock despite market conditions. UBS Group set a target price of $265, implying a 60% jump from the current level. Deutsche Bank set a price target of $250. BTIG, Jefferies, Benchmark, Needham, and Rosenblatt maintained targets well above the current level.
Analysts show confidence despite market conditions. These analysts noted that Coinbase is one of the best companies in the crypto industry because of its diversification. For example, it acquired Deribit last year, a move that made it the world’s largest crypto exchange. Coinbase is a top player in the stablecoin industry through its partnership with Circle, which owns USDC.
Coinbase keeps all the USDC interest it generates on its platform. Its recent results showed that its stablecoin revenue rose to $364 million from $225 million in the same period last year. Coinbase is also expanding its business to other industries. It recently inked a deal with Kalshi to launch its predictions market on its platform.
It is also leveraging the tokenization technology to launch its tokenized stocks on its platform. That makes it a competitor to Robinhood and other companies. However, the main challenge is that transactions are still the biggest part of its business. Its transaction revenue reached $4 billion in 2025.
The subscriptions and services segment made $2.82 billion. Transaction revenue clearly outpaced other segments. The transaction business will likely stay under pressure in the near term. The ongoing crypto market crash drives this weakness.
As a result, growth prospects remain uncertain. The three-day chart shows that the COIN stock price rebounded after publishing its financial results on Thursday. This rebound happened after it dropped to the key support level at $140. The risk, however, is that the stock has remained below all moving averages and the Supertrend indicator.
There are signs that it is forming a bearish flag or a pennant pattern. A move below that level will point to more downside, potentially to the key support level at $100.
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