Bernstein Analysts Sets $310 Target for Coinbase Shares

Analysts from Bernstein, a research and brokerage firm, have set a price target of $310 for Coinbase shares. This target shows confidence in the cryptocurrency market despite concerns about its growth. 

This optimistic view comes as the Donald Trump Administration seeks to make the United States the “crypto capital of the world,” suggesting that the government believes digital currencies are essential for America’s economy.

Bernstein Analyst Believes in Crypto Market Growth

Although some experts think the crypto market has peaked, Bernstein disagrees. 

The analysts believe the current market cycle is still young and has a lot of growth potential. The analysts also note that U.S. regulations are changing, with more recognition that blockchain technology and cryptocurrencies will be important in the global economy.

Bernstein analysts’ positive view comes when cryptocurrency has gained more acceptance. Bitcoin, Ethereum, and other digital assets are becoming seen as real investment options instead of risky bets. As such, Coinbase is in a strong position to take advantage of this growing market.

Despite the ups and downs in digital currencies, Bernstein’s analysis shows that the market still has room to grow. With clearer regulations and more businesses adopting crypto, the industry could expand significantly. 

JPMorgan Issues Hold Target for Coinbase Shares

Last year, JPMorgan analysts held a neutral stance on Coinbase’s shares, meaning they neither recommend buying nor selling it to clients. The experts have set a price target of $196 by December 2025. This comes even after Coinbase’s third-quarter earnings did not meet market expectations.

JPMorgan’s $196 price target for Coinbase is based on a method called “normalized earnings.” They estimate that Coinbase could earn about $4.91 per share under stable market conditions. 

They then apply a 40x multiple to these earnings to value the company similarly to other high-growth financial firms. This approach reflects JPMorgan’s belief in Coinbase’s long-term growth potential despite recent earnings challenges.

Base’s Growing Transaction Volume

While the earnings miss has cast a shadow, Coinbase’s innovation efforts continue to draw attention. 

Recall that its Ethereum layer-2 network, Base made headlines by surpassing established blockchains like Ethereum, Solana, and Tron in daily stablecoin transaction volumes. Base captured over 30% of the market for a brief period.

This achievement underscores Coinbase’s potential to capture new revenue streams through blockchain infrastructure, even as transaction revenue faces short-term declines.