Bernstein SocGen raises Coinbase price target to $510, highlighting growth drivers and dominance

From Financial Modeling Prep: 2025-06-25 15:27:00

Bernstein SocGen Group raised Coinbase Global’s price target to $510 from $310, citing competitive advantages and growth drivers. The company is a dominant force in the digital asset ecosystem, with shares rising over 2% today. It leads in U.S. crypto trading, stablecoin business, and institutional crypto services.

Coinbase is the only crypto-native company in the S&P 500, with a strong position in various verticals. It holds a significant share of the U.S. crypto trading market and runs the largest stablecoin business among exchanges. Integration with platforms like Shopify is expanding its reach.

The firm highlighted Coinbase’s dominance in institutional crypto, providing custody services for major Bitcoin ETF asset managers. It acquired Deribit, the world’s largest crypto options exchange, and operates Base, the fastest Ethereum Layer 2 chain. Regulatory catalysts are expected to further legitimize the digital asset landscape.

Bernstein projects 2025 and 2026 EPS at more than double consensus estimates, seeing Coinbase as the “universal bank” of crypto. With growth levers in motion and regulatory momentum, the firm is bullish on Coinbase’s continued growth and sees it as a key player in the digital asset space.



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