COIN Surges on Bullish Sentiment from Major Wall Street Firms

Coinbase Global Inc stocks have been on the rise, surging by 12.07% amid growing optimism around institutional crypto adoption.

Major Wall Street firms, including Goldman Sachs and Needham, have raised their price targets for COIN into the $200 range and above, reinforcing bullish sentiment around the stock.

Morgan Stanley recently initiated coverage of Coinbase with an Equal Weight rating and a $250 price target, highlighting the company as a key piece of regulated crypto infrastructure while warning about cyclical earnings swings.

Coinbase is building new revenue pillars in stablecoin payments, prediction markets, and a Better Mortgage HELOC rebate inside Coinbase One, and has trimmed trading fees on Coinbase Advanced for active global clients.