Coinbase Stock Price Struggles to Gain Momentum
Despite the modest optimism from Wall Street analysts, Coinbase stock price continues to underperform the broader market this year, with the company facing significant headwinds in the cryptocurrency industry.
The largest cryptocurrency exchange in the United States, Coinbase, has seen its stock price drop by approximately 45% from its highest level in 2025, currently trading at $240. In contrast, top American indices such as the S&P 500, Dow Jones, and Nasdaq 100 are hovering near their all-time highs. This decline mirrors the performance of other companies in the crypto industry, including Robinhood, Strategy, Metaplanet, and PayPal.
Analysts’ Bullish Outlook
Some key Wall Street analysts have delivered a bullish outlook for Coinbase, with Bank of America analysts upgrading their rating from hold to buy and increasing their target to $340. Similarly, Goldman Sachs analysts have boosted their target to $303, while Oppenheimer has maintained its outperform rating. The average estimate among 32 analysts tracked by MarketBeat is $362, representing a 51% increase from the current level. This optimism stems from Coinbase’s strong market share in the United States and its recently launched initiatives, such as a predictions platform in collaboration with Kalshi and plans to offer tokenized stocks.
Headwinds Facing Coinbase
Despite the bullish forecasts, Coinbase faces significant challenges that may impact its recovery. Rising competition in the United States and other markets is a major concern, with companies like SoFi, Vanguard, and Charles Schwab working to launch crypto trading on their platforms. Additionally, the recent crypto market rally has stalled, and the company’s withdrawal of support for the CLARITY Act may affect its stablecoin yield segment. Coinbase’s profitability is also expected to remain under pressure, with analysts estimating a decline in earnings per share from $9.48 in 2024 to $6.67 this year.
Technical Analysis of Coinbase Stock Price
The daily chart shows that the COIN stock price has retreated in the past few months, forming a death cross pattern as the 50-day Exponential Moving Average moved below the 200-day one. A bearish pennant pattern has also formed, indicating a potential continuation of the downward trend. The stock has moved below the 61.8% Fibonacci Retracement level at $257 and remains below the Supertrend indicator, suggesting a bearish outlook. The next key target level is the psychological level at $100, although this forecast may be invalidated if Bitcoin (BTC) and other cryptocurrencies experience a bounce back.
Coinbase stock chart | Source: TradingView
For more information on Coinbase’s stock performance and the cryptocurrency market, visit https://crypto.news/coinbase-stock-faces-headwinds-bullish-forecasts/
