Coinbase Wins BofA Buy Rating, Tipped For 38% Surge

Financial institution of America has joined Goldman Sachs in lifting Coinbase from “impartial” to “purchase” this week, citing what it described as Coinbase’s rising position in transferring monetary exercise on-chain and its evolution towards an “every part exchangee.”

In a analysis observe launched on Thursday, BofA stated Coinbase’s expansion from trading to tokenizing real-world belongings, together with shares and exchange-traded funds, in addition to its transfer into prediction markets, is positioning it to cross-sell extra merchandise to new and future customers and lead a “new monetary system.”

“Whereas the inventory is off 40% from its July highs, below the floor of the 4Q25 crypto correction the corporate’s product velocity has elevated and its [total addressable market] expanded in parallel.”

BofA stated Coinbase (COIN) shares may rise round 38% from their present worth to succeed in $340 as brief curiosity in COIN reverses, whereas the tax-loss harvesting pressure seen in late This autumn is easing.

On Monday, funding financial institution Goldman Sachs additionally assigned Coinbase a “purchase” score, explaining the current market pullback had left crypto shares buying and selling at a reduction, doubtlessly setting the stage for a rebound in early 2026.

COIN shares have been risky over the course of 2025

Coinbase has fallen 5.6% over the previous 12 months to $245.6, however all year long has traded as little as $151.8 and as excessive as $419.8, amounting to a risky 176.6% distinction between the costs.

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Base token, Trump will even push COIN this yr

BofA additionally pointed to Coinbase’s increasing product roadmap as a longer-term optimistic, saying the trade’s push past spot buying and selling into areas akin to real-world asset tokenization and prediction markets may broaden its addressable market and help cross-selling.

Within the observe, Financial institution of America highlighted Coinbase’s growth from buying and selling as a part of a wider effort to construct out a extra complete “every part trade.” The financial institution added {that a} potential token linked to Coinbase’s Base layer-2 community — if launched — may elevate contemporary capital and incentivize developers and early adopters to construct and use extra onchain applications, although Coinbase has not introduced plans for such a token.

BofA can be bullish on Coinbase doubtlessly launching a token for its Ethereum layer-2 community, Base, stating it will elevate billions of {dollars} and incentivize developers and early adopters to construct and use extra decentralized finance applications onchain.