Goldman Sachs sharply lowered Coinbase’s price target to $235 from $270, marking a downgrade in its target for the U.S. cryptocurrency exchange. The bank also maintained Coinbase’s Buy rating, citing ongoing uncertainty surrounding the sector. It noted crypto-related stocks have fallen about 46% since peaking in October 2025, while adding that some digital-asset-related names are increasingly turning into attractive entry opportunities.
The firm also emphasized that investor uncertainty about the sector’s outlook remains. The downgrade underscores ongoing sector risk. Still, some banks view selective opportunities in crypto equities.
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