Bank of America reaffirms its positive outlook on Coinbase Global (COIN), citing long-term growth potential despite short-term cryptocurrency market fluctuations. The firm sets a $280 price target, reflecting confidence in the company’s strategic positioning.
- Bank of America sets $280 price target on COIN, up from previous estimate
- COIN revenue reached $867 million in Q4 2025, up 23% YoY
- Active users increased to 17.3 million, a 27% rise from Q3 2025
- Institutional trading volume up 40% over six months
- 12% drop in Bitcoin and 15% drop in Ethereum over past month
- BofA maintains 'Buy' rating despite near-term crypto volatility
Bank of America has reasserted its bullish view on Coinbase Global (COIN), maintaining a 'Buy' rating and lifting its price target to $280 per share. This marks a significant increase from prior estimates and underscores the bank’s confidence in the digital asset exchange’s resilience amid ongoing volatility in the broader crypto market. Despite recent price swings in Bitcoin and Ethereum—down 12% and 15% respectively over the past month—BofA highlights Coinbase’s expanding user base and enhanced institutional product offerings as key drivers of future performance. The firm’s analysis points to Coinbase’s growing revenue momentum, with Q4 2025 reported revenue of $867 million, up 23% year-over-year. Transaction volume increased by 18% from Q3 2025, driven by a 27% rise in active users, reaching 17.3 million globally. BofA attributes this growth to improved regulatory clarity in key markets, including the U.S. and EU, and Coinbase’s expanding suite of staking, lending, and custody services. The $280 target implies a potential upside of approximately 34% from COIN’s current trading level, reflecting long-term optimism in the platform’s ability to capture market share as crypto adoption deepens. Institutional investors, in particular, are expected to play a larger role, with BofA noting a 40% increase in institutional trading volume over the past six months. Market participants are closely monitoring COIN’s performance, especially as macroeconomic indicators like U.S. inflation data and Federal Reserve policy shifts could influence risk appetite in digital assets. The stock is seen as a bellwether for broader crypto market sentiment, with implications for venture capital flows into blockchain startups and fintech innovation.