Analyst Bernstein’s Gautam Chhugani(Gautam Chhugani) has lowered the target price for Coinbase Global (COIN) from $510 to $440, while maintaining an “Outperform” rating. He pointed out that the market expects a tokenization supercycle to arrive in 2026, and despite facing headwinds in Q4 2025, he remains optimistic about Bitcoin. Meanwhile, Rosenblatt(Rosenblatt) has cut the target price from $470 to $325 but maintains a “Buy” rating. He noted that after a strong Q3 2025, trading volume will slow significantly. Rosenblatt expects total trading volume in Q4 2025 to be approximately $207 billion, down 35% from previous estimates. However, Rosenblatt believes that the market has already digested the trend of slowing trading volume, and product expansion and diversified revenue streams will create upside potential.
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Bernstein lowers Coinbase Global (COIN) stock target price
Analyst Bernstein’s Gautam Chhugani(Gautam Chhugani) has lowered the target price for Coinbase Global (COIN) from $510 to $440, while maintaining an “Outperform” rating. He pointed out that the market expects a tokenization supercycle to arrive in 2026, and despite facing headwinds in Q4 2025, he remains optimistic about Bitcoin. Meanwhile, Rosenblatt(Rosenblatt) has cut the target price from $470 to $325 but maintains a “Buy” rating. He noted that after a strong Q3 2025, trading volume will slow significantly. Rosenblatt expects total trading volume in Q4 2025 to be approximately $207 billion, down 35% from previous estimates. However, Rosenblatt believes that the market has already digested the trend of slowing trading volume, and product expansion and diversified revenue streams will create upside potential.