Bank of America has upgraded Coinbase from “neutral” to “buy,” praising its expansion into tokenizing real-world assets and prediction markets. The research note predicts Coinbase shares could rise 38% to $340 as short interest reverses and tax-loss harvesting pressure eases.

Goldman Sachs also gave Coinbase a “buy” rating, expecting a rebound in early 2026 due to crypto stocks trading at a discount. Coinbase shares have been volatile, trading between $151.8 and $419.8 over the past year, currently at $245.6.

BofA is optimistic about Coinbase potentially launching a token for its Ethereum layer-2 network, Base, which could incentivize developers to build more decentralized finance applications. The bank also highlighted President Trump’s remaining years in office as a catalyst for making the US the crypto capital of the world.

Read more at cointelegraph.com: Bank of America Says Coin a Buy and Could Rise 38%