Coinbase Stock Gets $196 Target as Goldman and Canaccord Back Crypto Stocks

• Goldman Sachs raises its Coinbase stock target to $196, maintaining a Buy rating as it sees further upside from improving crypto conditions and Coinbase’s newer businesses
• Coinbase is expanding beyond trading, with prediction markets, derivatives, and other financial products helping diversify its revenue base
• Robinhood stock and Strategy stock add to the bullish crypto-equity picture, with Goldman backing Robinhood at $124 and Canaccord raising Strategy’s target to $175

Coinbase stock is getting another vote of confidence from Wall Street, even as the crypto market remains prone to sharp swings. Goldman Sachs has lifted its target on COIN to $196, while Canaccord has raised its call on Strategy stock to $175. Both the moves point to a much bigger shift in how analysts are looking at crypto-linked equities. For Coinbase, the more interesting part of the story is what Goldman sees happening beyond the core exchange business

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Goldman Sachs Raises Its Coinbase Stock Price Target

Goldman Sachs analyst James Yaro raised the firm’s Coinbase target to $196 from $173 and kept a Buy rating on the shares. Based on Coinbase’s August 25 close of $179.48, the new target represents roughly 9% upside. Goldman cited improving conditions across digital assets, along with growth in areas such as derivatives and prediction markets. Currently, the Coinbase stock sits at $187.16 following a nearly 5% uptick.

The call comes at an important point for the company. Coinbase has been trying to make its revenue less dependent on the ups and downs of Bitcoin trading, and its latest numbers suggest that strategy is starting to show up in the business.

Coinbase said its crypto trading market share reached a record 10.3% in the second quarter, up from 9.1% in the first quarter. Prediction-market contracts and revenue also jumped 106% from the previous quarter and crossed a $100 million annualized revenue run rate.

This diversification is important because the trading environment hasn’t been the best. Coinbase reported a $359.5 million net loss for the second quarter, while transaction revenue fell 21% year over year to $599 million.

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Robinhood and Strategy Add to the Crypto Stock Trade

Goldman’s optimism extends beyond Coinbase. The bank also maintained a Buy rating on Robinhood stock and set a $124 target, with its thesis also pointing toward growth in newer financial products.

Canaccord is taking a similar stance on Strategy stock. The firm raised its target to $175 from $130 while keeping a Buy rating, giving investors another bullish call among major crypto-linked equities.

The contrast between the companies is worth watching. Coinbase is expanding its exchange into a broader financial platform, while Strategy remains heavily tied to its Bitcoin holdings. That makes Coinbase stock the more diversified of the two plays, at least from a business-model perspective.

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