Coinbase Bull Case vs Bear Case: Analysts Diverge on Crypto Market Future

On August 26th, Coinbase (COIN) closed at $187.16, down roughly 53% from its 52-week high of $402.16 and up 35% from its 52-week low of $139.11.

Goldman Sachs raised its target to $196 on August 25th. The street runs from $148 (Barclays) to $330 (Bernstein).

The bull case and bear case for Coinbase are built from the same earnings release, making it a rare large-cap stock where analysts disagree about which set of facts the market will eventually pay for.