Investment bank raises price target as crypto infrastructure and tokenization fuel growth outlook
Coinbase shares surged 8% following a major upgrade from Goldman Sachs, signaling renewed confidence in the company’s long-term growth strategy. The investment bank raised its rating on COIN from neutral to buy, citing expanding diversification beyond trading and increasing exposure to crypto infrastructure.
Goldman Sachs lifted its 12-month price target from $294 to $303 per share, implying an 18% upside from current levels. Coinbase closed the trading session at $254.92, with limited movement in after-hours trading. The firm described its outlook as “selective optimism,” favoring crypto businesses with structurally growing infrastructure models.
The upgrade highlighted Coinbase’s evolution beyond a traditional exchange. Analysts pointed to initiatives in tokenization, prediction markets, and blockchain infrastructure as key growth drivers. Coinbase has recently expanded into prediction markets through a partnership with Kalshi, reflecting its push into emerging, high-growth segments.
Everything Exchange Strategy Gains Momentum
According to management commentary, Coinbase is accelerating its “everything exchange” strategy, with plans to prioritize stablecoins, expand exchange services, and scale its Ethereum layer-2 network, Base, throughout 2026. These efforts are aimed at reducing reliance on transaction-based revenue and strengthening recurring income streams.
Goldman Sachs also expressed optimism for the broader crypto market, citing potential regulatory reform in the United States as a catalyst for increased institutional and retail adoption. However, the bank noted that delays in regulatory progress could present near-term challenges.
The upgrade reflects growing confidence in Coinbase’s role as a core crypto infrastructure provider, rather than solely a trading platform.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.