Wall Street Boosts Coinbase and Other Crypto-Linked Stocks Amid Bitcoin Rally

Crypto-linked equities are receiving a boost from Wall Street analysts as Bitcoin's price climbs towards $80,000.

Goldman Sachs raised its Coinbase target to $196 from $173 and maintained a 'Buy' rating while remaining 'cautiously optimistic.'

The analyst cited structural growth in Coinbase's brokerage and prediction markets businesses, potential upside from renewed crypto trading activity, continued regulatory progress, and cost discipline.

Wolfe Research also raised its price target on Block to $115 from $100, but maintained an 'Underperform' rating for Circle Internet Group, which saw a $15 increase in its price target to $65.