Coinbase stock hits 52-week high after being compared to 'one-stop Amazon' for crypto services

From Yahoo Finance: 2025-06-25 16:14:00

Coinbase stock soared to 52-week highs after Bernstein analysts likened it to a “one-stop Amazon” of crypto services. Analysts raised the price target to $510, highlighting Coinbase’s dominance in US crypto trading and stablecoin business. The bear thesis on Coinbase has not materialized, with persistent market share.

Since the passage of the GENIUS Act, which establishes a federal framework for stablecoins, Coinbase stock has surged over 40%. Despite a recent rally, head of digital asset strategy at Fundstrat believes there is still upside potential. Other crypto-related stocks, like Circle and Robinhood, have also seen significant gains this year.

Read more: Coinbase stock touches 52-week high as analyst calls company ‘one-stop Amazon’ of crypto services