Goldman Sachs Bullish on Coinbase, Boosts Price Target to $219

Goldman Sachs has increased its price target for Coinbase Global Inc. (NASDAQ:COIN) to $219, citing the company's growing pipeline of products beyond traditional spot crypto trading.

The bank's analyst James Yaro pointed to six key growth drivers: U.S. perpetual futures, prediction markets, tokenized equities, margin lending, Base and agentic finance.

Coinbase's 'Everything Exchange' is gaining traction, with four major retail trading pillars: spot crypto, derivatives, traditional equities, and prediction markets.

The derivatives business reached an all-time high market share in Q2, while its prediction market business has already reached roughly a $100 million annualized revenue run rate.