Bernstein Sees 85% Upside for Coinbase Amid Market Volatility

Coinbase Global Inc. (NASDAQ: COIN) stock slipped 3.76% on Monday, closing below $180 after a 30% gain last week.

The move was part of a broader cool-off in the equity market ahead of this Wednesday's inflation metric announcement and Nvidia's Q2 earnings report.

Bitcoin may retreat or reclaim $82K to reinforce the start of the next bull market cycle, which will influence crypto stocks like COIN.

Despite missing revenue targets in Q2, Bernstein analysts maintain a $330 price target for COIN, implying 85% upside potential at current levels near $180.