Quick Read
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COIN earns a BUY rating with a $272 price target, implying 65% upside from $165 with 90% model confidence.
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Subscription and services now account for 44% of Coinbase’s revenue, cushioning trading swings far better than the 2022 crypto cycle.
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Even the bear-case scenario lands at $228, above today’s price, while the bull case reaches $406 on stablecoin and derivatives growth.
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Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Coinbase didn’t make the cut. Grab the names FREE today.
Few large-cap stocks have performed quite like Coinbase (NASDAQ:COIN) over the past 12 months. After peaking near $444.64 in the prior bull run, shares have round-tripped on a brutal crypto pullback. Our model sees significant upside from here.
Our 24/7 Wall St. price target for Coinbase is $271.94, implying 64.97% upside from the recent close of $164.84. The recommendation is buy, with a confidence level of 90%. That is a high-conviction call, anchored by forward earnings recovery, a deep subscription revenue base, and analyst consensus well above today’s quote.
24/7 Wall St. Price Target Summary
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Metric |
Value |
|---|---|
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Current Price |
$164.84 |
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24/7 Wall St. Price Target |
$271.94 |
|
Upside |
64.97% |
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Recommendation |
BUY |
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Confidence Level |
90% |
Crypto Winter Has Hit COIN Hard
Coinbase shares are down 27.11% year to date and 46.55% over the past year, badly lagging the broader market. Bitcoin is down 27.05% YTD and Ethereum has tumbled 41.86%, squeezing the trading volumes that drive Coinbase’s transaction line.
Q1 2026 results, released May 7, 2026, showed the damage. Revenue of $1.41 billion fell 30.54% year over year, missing consensus by 4.72%. EPS came in at -$1.49 versus a $0.0444 estimate, weighed down by $482.40 million in markdowns on crypto held for investment. Management responded with a 14% headcount cut targeting roughly $500 million in annualized savings.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Coinbase didn’t make the cut. Grab the names FREE today.
The Case for $400+
The bull case rests on Coinbase’s evolution beyond a pure trading venue. Subscription and services revenue reached 44% of net revenue in Q1, with stablecoin revenue of $305 million riding a USDC market cap that touched $80 billion in March.
Prediction markets crossed $100 million annualized within two months of launch, retail derivatives are tracking toward a $250 million tier, and DEX trading volume doubled quarter over quarter.
Industry tailwinds are sizeable. The stablecoin market is projected to grow from $300 billion to $3 trillion by 2030, with tokenized real-world assets potentially reaching $16 trillion.
