Goldman Ups Coinbase Target Amid Regulatory Optimism

Coinbase's (COIN) tokenized stock on Binance is trading at $179.87, sandwiched between momentum exhaustion and a Wall Street analyst consensus target of ~$215.

The company reported Q2 2026 earnings that were nothing short of a disaster, with a non-GAAP loss of $1.36 per share against a consensus estimate of -$0.44, a $359.5 million net loss, and revenue of $1.22 billion that missed the Street by nearly 6% while shrinking 18.5% year-over-year.

Despite this, Goldman Sachs raised its price target from $173 to $196 with a Buy rating as recently as August 25th, citing the CLARITY Act and Coinbase's diversification narrative.