Bernstein Gives Coinbase (COIN) an Outperform Rating Amid Tokenization Supercycle Outlook

Coinbase Global Inc. (NASDAQ:COIN) is one of the oversold stocks to buy now. On January 6, Bernstein analyst Gautam Chhugani lowered the firm’s price target on Coinbase to $440 from $510, while keeping an Outperform rating on the shares. Bernstein anticipates a tokenization supercycle for 2026, characterized by the migration of the dollar, capital markets, and event-based assets onto the blockchain. The firm remains optimistic about Bitcoin, expressing confidence that the cryptocurrency and the broader digital asset market have reached their cyclical bottom.

On the same day, Rosenblatt also reduced its price target for Coinbase to $325 from $470 with a Buy rating. The adjustment follows a significant deceleration in trading activity. Despite the near-term slowdown, Rosenblatt argued that the market has already priced in these lower volumes. The firm remains bullish on Coinbase’s long-term transformation, driven by material upside potential as the company expands into equities, prediction markets, and stablecoin payments, thereby reducing its reliance on volatile crypto trading cycles.

Bernstein Gives Coinbase (COIN) an Outperform Rating Amid Tokenization Supercycle Outlook

However, Goldman Sachs upgraded Coinbase Global Inc. (NASDAQ:COIN) to Buy from Neutral and raised its price target to $303 from $294 on January 5. The firm highlighted that the company’s recent product launches have strengthened the competitiveness of its core business. The firm characterizes Coinbase as a best-in-class play for those looking to capitalize on the expansion of crypto infrastructure.

Coinbase Global Inc. (NASDAQ:COIN) operates a platform for crypto assets in the US and internationally.

While we acknowledge the potential of COIN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COIN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.