Key Insights
- The stock of Coinbase rose by 8 percent after Goldman Sachs assigned the stock a new rating of “buy.”
- Goldman raised its 12-month price target for Coinbase to $303.
- Coinbase entered prediction markets and opened a business platform in Singapore.
Coinbase Shares Rise After Goldman Sachs Upgrade and Expanded Growth Outlook
Coinbase shares surged sharply after Goldman Sachs upgraded the crypto exchange’s stock, citing expanding revenue streams and growing exposure to multiple segments of the digital asset economy.
The move drew renewed attention to Coinbase’s diversification strategy, regulatory outlook, and recent international and product-focused developments, all of which were highlighted in a research note released on Monday by the Wall Street bank.
The company raised its COIN rating to “Buy” and increased its 12-month price target by $ 294 to $ 303/share. The share closed the day with an 8%increase and is currently trading at $254.92, as of the time of writing, with minimal trading recorded in the after-hours session.
At current levels, the revised target implies an upside of roughly 18%, based on Goldman’s projections.
Coinbase Shares Rise Following Goldman Sachs Reassessment
In the report, Goldman Sachs analyst James Yaro said the firm maintains “selective optimism” toward U.S.-listed brokerage firms and crypto-native infrastructure companies with diversified business models.
Coinbase was identified as a beneficiary of that view, with Yaro pointing to the company’s efforts to move beyond reliance on spot cryptocurrency trading volumes.
https://twitter.com/matthew_sigel/status/2008163922294276227
According to Yaro, firms generating revenue across several crypto-related segments may be better positioned as the market evolves and matures.
Goldman’s reassessment came amid broader expectations of increased crypto participation over the next two years. In the same report, Yaro stated that both retail and institutional investor activity could expand in 2026, supported by regulatory developments in the United States.
Nevertheless, he also warned that the stalling or stagnation of major laws may strain the growth curve of the sector.
Diversification Strategy, as pointed out in the Analyst Report.
The analysis by Yaro focused on the transition of Coinbase from a single-product platform to a multi-product platform.
This direction has already been explained by Coinbase Chief Executive Officer Brian Armstrong, who has described the company’s vision as an everything exchange.
Armstrong reports that the company plans to focus on stablecoins, increase its exchange products, and keep growing its Ethereum layer-2 network, Base, as it enters 2026.
These strategic priorities were referenced in Goldman’s assessment as indicators of long-term positioning rather than short-term trading-driven performance.
Coinbase Shares Financed by the Prediction Markets Extension.
One of the programs mentioned in the report was its incorporation of prediction markets with Kalshi. This move was to be implemented as part of a larger campaign to protect revenue due to the development of new crypto-related sectors. Yaro describes prediction markets as being akin to several non-trading products that can be used to generate more predictable revenue in the future.
Coinbase has integrated these services into its existing platform system, which conforms to the compliance provisions. The integration was mentioned as a sign of the company expanding its use cases when working within existing regulatory frameworks.
Singapore Business Platform Launch Provides International Aspect.
Singapore. Separately, Coinbase has increased its international presence by opening Coinbase Business in Singapore. The launch was the first instance in which the company took its business-focused operating platform outside the country, targeting startups and small businesses that manage digital resources.
The platform offers real-time USDC transactions, global transfer payments, automated accounting systems, and solutions tailored to meet the daily operational needs of digital assets.
According to Coinbase, the offering will help local businesses integrate fiat and cryptocurrency services on a regulatory basis.
Coinbase stated that the offering supports local businesses by combining fiat and cryptocurrency services under established regulatory standards.
The launch builds on Coinbase’s collaboration with the Monetary Authority of Singapore through the BLOOM Initiative, which focuses on compliant cross-border digital payments.
The platform is also supported by real-time Singapore dollar banking rails via Standard Chartered, enabling lower-cost international transactions and automated payroll and vendor management through application programming interfaces.
Regulation Seen as Key Driver of Crypto Adoption in 2026
The report by Goldman Sachs also covered the wider expectations in the crypto sector. Yaro stated that the bank anticipates increased crypto adoption in 2026 from both retail and institutional participants, driven in part by regulatory developments in the United States.
“Our base case includes further crypto regulatory reform, catalyzing broader adoption and use cases beyond trading, especially among institutions,” Yaro wrote. He added that clearer market structure rules could support growth across the ecosystem.
