Coinbase stock could rally over 64% from its current price of $188 if a bullish prediction from Bernstein holds true.
Bernstein Sets $310 Target for Coinbase
Gautam Chhugani, an analyst at global asset management firm Bernstein, gave Coinbase (COIN) an “outperform” rating and set a price target of over $310. Chhugani cited improving crypto regulatory clarity under US President Donald Trump’s administration as a key driver.
Bernstein’s research note, seen by TipRanks, expects growing mainstream adoption of cryptocurrency as Trump positions crypto policy as a national priority. His administration aims to establish the US as a global hub for blockchain innovation.
If Coinbase stock reaches $310, it would mark a 64% gain from its current level of $188, according to Google Finance data.
Trump’s Crypto-Friendly Shift Fuels Optimism
The upbeat forecast comes shortly after Trump hosted the first White House Crypto Summit on March 7. Days later, he signed an executive order to create a Bitcoin reserve using cryptocurrency seized in criminal cases, Cointelegraphreported.
Coinbase stands to benefit from the growing legitimacy of crypto in the US financial system. The Bernstein report described Coinbase not just as an exchange but as a full-service crypto financial platform.
“COIN is described as a crypto exchange, but it is actually what a universal bank would look like in the world of blockchain-based financial services,” the report noted.
Coinbase offers a comprehensive range of services, including exchange operations, brokerage, institutional trading, stablecoin banking, crypto payments, custody services, and software development. Bernstein likened it to an “Amazon” of crypto financial services.
Crypto Regulation Heading in a Positive Direction
Analysts see the US Bitcoin reserve plan as a key step toward integrating Bitcoin into the global financial system.
“The US has taken its first real step toward integrating Bitcoin into the fabric of global finance, acknowledging its role as a foundational asset for a more stable and sound monetary system,” said Joe Burnett, head of market research at Unchained.
While Trump has shown strong support for crypto innovation, experts say setting the right regulatory framework will be key. Anastasija Plotnikova, CEO of Fideum, emphasized that striking the right balance will be critical for long-term market stability and growth.