Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Shares of Coinbase rose 8% on Monday after Goldman Sachs raised its rating on the cryptocurrency trading platform from “neutral” to “buy,” citing greater confidence in the company’s diversification strategy and long-term position within the digital ecosystem.
Important points:
- Coinbase shares rose 8% after Goldman Sachs upgraded COIN’s rating to “buy” and raised its 12-month price target to $303.
- Goldman believes that Coinbase will benefit from diversification beyond trading.
- The bank expects a large spread of cryptocurrencies in 2026, supported by regulatory progress.
in Memo to customers Goldman Sachs analyst James Yarrow said the bank has a “selective outlook” for US brokerages and companies operating in what he described as a “growth structure for cryptocurrency,” pointing to Coinbase as a major beneficiary of this.
Along with the update, Goldman Sachs raised its 12-month price target on COIN stock to $303 from $294.
Coinbase shares close to 8%, and Goldman Sachs expects 18% rise
Coinbase closed the trading session at 8%, recording $254.92 at the time of writing, and moving slightly during the night trading. At current levels, Goldman Sachs’ adjusted stock prices show about 18% upside potential.
Yarrow emphasized the efforts of Coinbase to expand beyond the area of cryptocurrency trading, citing infrastructure initiatives, tokenization, and predictive markets as potential drivers of growth.
The expert also said that companies that are able to make money in multiple sectors of the cryptocurrency economy can be stable as the market matures.
Coinbase CEO Brian Armstrong recently reiterated the plan, explaining the company’s goal to be a “single exchange.”
According to Armstrong, Coinbase wants to prioritize stablecoins, expand its sales, and continue the entire Ethereum second layer network, Base, head 2026.
The company has already taken these steps. At the beginning of this year, Coinbase integrated market forecasting in its platform through a partnership with Kalshi, with the aim of taking advantage of one of the fastest growing cryptocurrency sectors in 2024.
Goldman Sachs’ expectations are not limited to the Coinbase platform alone. Yarrow said in his report that the bank expects a large spread of cryptocurrencies in 2026, led by the participation of both individuals and institutions.
He said that the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration of the administration
“Our primary case involves regulatory reform of cryptocurrencies, promoting their widespread adoption and use beyond trading, especially among institutions,” wrote Yarrow.
He added, however, that the failure of the implementation of key legislation, including the legal document structuring the cryptocurrency market in Congress, could be a major obstacle to the sector.
According to TipRanks data, Yaro has a 62% return on the stock rankings, with an annualized return of about 16%, which makes the upgrade very important.
Coinbase business platform was founded in Singapore
As reported, Coinbase has launched Coinbase Business in Singapore, marking the first global launch of its business management platform.
The move gives local startups and small businesses access to instant USDC funding, international transfers, accounting integration, and a range of tools designed for businesses that manage digital assets every day.
This initiative builds on Coinbase’s partnership with the Monetary Authority of Singapore through the BLOOM initiative, which focuses on facilitating cross-border digital payments.
The platform offers USDC global currency, global currency exchange, and an automated payment API and merchant management, all supported by real-time SGD banking through Standard Chartered Bank.
Coinbase said Launch helps Singapore’s rapidly growing modern economy by providing a complete financial suite that includes fiat money and cryptocurrencies under clear legal principles.
A note Coinbase stock rose 8% after Goldman Sachs upgraded it to “buy”. appeared for the first time Cryptonews Arabic.
