Coinbase Gets ‘Buy’ Rating Upgrade From Bank Of America: Here’s The Breakdown
Coinbase (COIN), the US-based cryptocurrency trade, has lately garnered a optimistic forecast from Bank of America, considered one of Wall Street’s main monetary establishments, which has upgraded its ranking to “purchase.”
This shift comes after a radical analysis of Coinbase’s strategic positioning, as the corporate prepares for a doubtlessly profitable 2026. This follows a 2025 during which main acquisitions have been made to considerably broaden the vary of companies provided past mere buying and selling.
Bank Of America Upgrades Coinbase’s Prospects
Research analyst Craig Siegenthaler from Bank of America highlighted a number of components contributing to this optimistic outlook. He famous that Coinbase’s ongoing product enlargement, strategic pivots, and an interesting valuation create a stable basis for the corporate’s efficiency within the coming years.
Siegenthaler particularly attributed the financial institution’s revised stance on Coinbase’s inventory, COIN, to an acceleration in product velocity and a pullback within the inventory worth noticed throughout the second half of 2025.
Recent market information exhibits that the cryptocurrency trade’s shares have fallen roughly 40% from their peaks of $445 reached again in July of final yr, making this a extra enticing entry level for traders.
The trade can be diversifying its choices, trying past cryptocurrency to incorporate shares, exchange-traded funds (ETFs), and prediction markets. According to Siegenthaler, this enlargement brings Coinbase nearer to realizing its imaginative and prescient of turning into the “every thing trade.”
Price Target Of $340 For COIN
A major consider Bank of America’s bullish evaluation is the crypto agency’s Base, a Layer-2 (L2) community constructed on the Ethereum (ETH) blockchain. The analyst views Base as a pivotal step in Coinbase’s evolution from merely a buying and selling platform to a complete crypto infrastructure supplier.
The anticipated launch of a local token sooner or later might function a significant catalyst, doubtlessly elevating billions and additional enhancing the platform’s capabilities.
Another initiative that piqued Bank of America’s curiosity is Coinbase Tokenize. This function integrates issuance, custody, compliance, and entry to the trade’s consumer base, positioning the corporate as a pacesetter within the tokenization market.
From a valuation perspective, Bank of America noticed that Coinbase’s price-to-earnings (P/E) ratio has considerably compressed since mid-2024, bettering the inventory’s risk-reward profile.
This adjustment in valuation, coupled with a extra favorable regulatory environment anticipated below President Donald Trump, might present “sizable tailwinds” for the crypto agency because the business matures.
Looking forward, Bank of America envisions Coinbase solidifying its dominant position throughout buying and selling, infrastructure, and tokenization as the subsequent section of cryptocurrency adoption unfolds.
The financial institution has reiterated its worth goal of $340 for Coinbase’s inventory, reflecting its confidence within the firm’s long-term prospects. This means that the corporate’s inventory worth might doubtlessly get well by 38% within the near-term if materializes.
Featured picture from Shutterstock, chart from TradingView.com
