Bernstein’s Bold Call: Coinbase Shares Poised for Major Rally

Despite recent weakness across Bitcoin and broader cryptocurrency markets, Coinbase is capturing significant analyst attention. Research firm Bernstein has reaffirmed an exceptionally bullish stance, projecting the stock could surge to $510. This represents a potential near-doubling from its current trading level around $263. The optimistic outlook emerges alongside notable but conflicting trading activity: prominent investor Cathie Wood is adding to her position, while a company insider has been selling.

Bernstein analyst Gautam Chhugani maintains his “Outperform” rating and $510 price target, implying upside of approximately 94%. The core thesis is that Coinbase is successfully transforming into a broad-based financial ecosystem, reducing its historical reliance on volatile spot trading. The analyst highlights the company’s Read more...