Oh, darling, Bernstein is throwing its designer handbag into the ring for Coinbase, slapping a $330 price target on it like it’s the latest It Bag. Why? Because Coinbase just pulled a “look at me, I’m not just a crypto fling anymore” at their System Update event, unveiling more products than a Black Friday sale at Selfridges.
- Bernstein’s still swiping right on Coinbase with a $330 price target – because who needs a crypto winter when you’ve got AI and tokenized stocks?
- Coinbase’s new toys include AI trading tools (because who doesn’t want a robot to lose their money for them?), prediction markets (spoiler: the future is still uncertain), and pre-IPO trading (for when you want to gamble on companies that aren’t even public yet).
- Barclays is side-eyeing this whole situation with a $107 target, while Benchmark and Cantor Fitzgerald are cheering from the sidelines like it’s the Love Island finale.
According to Bernstein, Coinbase’s latest shenanigans are totally justifying their long-term crush on the company, even though they had to downgrade their earlier $440 target faster than a celebrity marriage. Ouch.
Apparently, there’s “substantial upside” in Coinbase shares, because who needs stability when you can have stock trading, stablecoin infrastructure, and blockchain services? It’s like a financial buffet, but you’re not sure if you’ll leave feeling satisfied or just queasy.
Coinbase shares did a little happy dance on Wednesday, rising 1.6% to $171.93, probably because investors were too busy refreshing their Fed policy updates to notice. Meanwhile, Wall Street’s hot takes were flying faster than gossip at a Bridget Jones book club meeting.
Coinbase’s AI Takeover: Because Humans Were Too Boring
At the System Update event, Coinbase dropped the mic with an SEC-registered AI investment advisor. Yes, you read that right. It’s like having your own financial therapist, but it judges your portfolio instead of your life choices. CEO Brian Armstrong promises you can chat with it in plain English, which is great news for anyone who’s ever tried to explain their financial goals without crying.
From Bullish to “Eh, Maybe”
Not everyone’s popping the champagne for Coinbase. Barclays is still giving it the side-eye with a $107 target, claiming all these fancy new products won’t save Coinbase if the crypto market stays as exciting as a Monday morning meeting. Harsh, but fair.
Benchmark, on the other hand, is all heart eyes with a $270 target, arguing Coinbase is evolving into something more than a crypto fling. Cantor Fitzgerald agrees, keeping their $250 target and praising Coinbase’s resilience in a market that’s moodier than Mark Darcy after a bad day.
Meanwhile, Bitcoin decided to take a dip below $65,000, probably because it heard the Fed was making decisions again. Retail sales data is strong, interest rates might stay high, and crypto stocks are just trying to keep up. It’s a lot, isn’t it?
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2026-06-17 19:36