Wall Street and the crypto sphere are buzzing with Goldman Sachs upgrading Coinbase to a 'Buy', driving the stock up nearly 8% in one session. This bullish price target amid a strong digital asset market signals institutional appetite is back on track.
The banking giant isn’t doing things by halves. In a note published recently, Goldman Sachs analysts upgraded their recommendation on Coinbase stock (COIN), moving from “Neutral” to “Buy”. This announcement had the effect of a bombshell, triggering an immediate pump in the stock price, which surged by 8%.
The price target was significantly raised from $217 to $303 over the next 12 months. According to analysts, the current performance of cryptocurrencies fully justifies this revaluation. This move validates a bullish structure over the long term for the only crypto exchange platform listed on the Nasdaq.
This shift from such an influential bank sends a clear signal: the sector is no longer in a consolidation phase but is in full expansion mode. Daily trading volumes, the main driver of Coinbase’s revenue, are rising sharply, suggesting strong financial results for the coming quarters.
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The correlation between the Bitcoin price and COIN stock remains extremely strong. With BTC flirting with its highs and a global market in full rally mode, Coinbase mechanically benefits from the ambient euphoria. Goldman Sachs emphasizes that rising crypto asset prices lead to a massive increase in transaction revenue for the exchange.
Beyond simple trading, it’s Coinbase’s entire ecosystem that’s attracting attention. The increase in crypto market capitalization offers massive operational leverage to the company. If the trend continues, we could witness a genuine technical breakout on the stock, breaking through the resistance levels that have contained the price for several months.
Additionally, with their launch into prediction markets and stock tradhttps://investx.fr/en/trading/ing, Coinbase now rivals Robinhood, which dominated the crypto sector in 2025.
Investors now seem to be pricing in an optimistic scenario where institutional adoption and positive volatility align. This is a notable turnaround after a period when sentiment was rather bearish or cautious on blockchain-related technology stocks.
With this Goldman Sachs upgrade, market psychology around Coinbase is changing radically. The stock now has the wind in its sails, supported by fundamentals that are improving as the bull cycle for cryptocurrencies takes hold. However, volatility remains the watchword, and traders will need to monitor the next key levels.
If Bitcoin manages to maintain its momentum and smash new records, the $303 target could be just a milestone in the coming weeks.
It’s worth noting that a 3-day Order Block could push the price back to $285. If this price level is broken, then $300 and potentially $349 are within reach.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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