Bernstein analysts have forecasted a rise in Coinbase shares to $310, expressing confidence in the crypto market's strengthening. This comes amidst efforts by the Trump administration to position the US as a crypto industry hub.
Bernstein Analysts' Confidence in the Crypto Market
Despite some experts claiming the crypto market has peaked, Bernstein analysts remain confident in its future growth potential. They believe the current market cycle is only just beginning and holds significant promise. These analysts note changes in US regulations, acknowledging the importance of cryptocurrencies in the global economy.
JPMorgan's Target Price for Coinbase Shares
Last year, JPMorgan analysts maintained a neutral stance on Coinbase shares, advising clients neither to buy nor sell. They set a target price of $196 by December 2025, even though the company's third-quarter earnings fell short of market expectations.
Base's Growing Transaction Volume
Despite profit setbacks, Coinbase's innovative projects continue to draw attention. Its Ethereum layer-2 network, Base, recently outpaced major blockchains like Ethereum, Solana, and Tron in daily stablecoin transaction volumes.
Bernstein analysts see significant growth potential in the crypto market, as reflected in their forecast for Coinbase shares. Despite revenue challenges, the company's innovations continue to demonstrate prospects for future growth.
