Bernstein Sees 77% Upside for Coinbase Despite Turbulent Year

Coinbase stock has been on a wild ride in 2026, experiencing significant price fluctuations. Despite this volatility, many analysts remain optimistic about the company's future prospects.

Bernstein is one of the most bullish analysts, maintaining a Buy rating with a price target of $330. This implies a potential gain of roughly 77% from the current trading range of $186 to $190.

The core argument for optimists like Bernstein is that Coinbase's revenue streams are becoming less reliant on volatile crypto market activity. The company has been investing in subscription services, stablecoin-related products, and derivatives markets, which can generate revenue regardless of the state of the crypto market.

While some analysts have trimmed their price targets, with Rosenblatt lowering its target to $200 and Needham moving its target from $177 up to $200, others remain confident in Coinbase's growth potential. The consensus average price target sits in the $195 to $218 range, representing low-to-mid double-digit upside from current levels.