Billionaire Quants’ Two Sigma’s 10 Stock Picks with Huge Upside Potential

6. Coinbase Global, Inc. (NASDAQ:COIN)

Two Sigma Advisors Stake Value: $101,430,550

Upside Potential as of May 8: 37.80%

Number of Hedge Fund Holders: 68

Coinbase Global, Inc. (NASDAQ:COIN) is the largest cryptocurrency exchange platform in the United States. It provides a marketplace for buying, selling, transferring, and storing digital assets. The company’s product lineup includes Coinbase Exchange, Coinbase Wallet, Coinbase Prime, Coinbase Commerce, Coinbase Cloud, and Coinbase NFT.

Coinbase Global, Inc. (NASDAQ:COIN) is expanding its partnerships and product offerings. On May 6, the company announced a partnership with Riot Games. The deal makes Coinbase (NASDAQ:COIN) the exclusive cryptocurrency exchange and official blockchain technology partner for global League of Legends and VALORANT esports events. The collaboration will introduce new in-game segments like an “Econ Report” in VALORANT and “Gold Grind” in League of Legends.

About a week ago, Coinbase Global, Inc. (NASDAQ:COIN) launched the Coinbase Bitcoin Yield Fund. The product targets institutional investors with 4-8% net returns in Bitcoin per year. This move addresses growing institutional demand for Bitcoin yield through a conservative strategy designed to lower investment and operational risks.

On May 7, 2025, Coinbase Global, Inc. (NASDAQ:COIN) received a downgrade from analysts at Monness, Crespi, Hardt. The analysts changed their rating from Buy to Neutral and removed their price target ahead of Coinbase’s (NASDAQ:COIN) first-quarter earnings report. The analysts cited concerns about potentially weaker-than-expected financial results, subdued quarter-to-date transaction revenue, and the possibility of disappointing second-quarter guidance.