Coinbase (COIN) stock rallied 8% after Goldman Sachs upgraded the shares to “Buy” and raised its price target to $303, citing strong growth prospects across crypto infrastructure, tokenization, and prediction markets.Coinbase (COIN) stock rallied 8% after Goldman Sachs upgraded the shares to “Buy” and raised its price target to $303, citing strong growth prospects across crypto infrastructure, tokenization, and prediction markets.
News Brief
Coinbase (COIN) stock rallied 8% after Goldman Sachs upgraded the shares to “Buy” and raised its price target to $303, citing strong growth prospects across crypto infrastructure, tokenization, and prediction markets.
Summary
Coinbase (COIN) stock rallied 8% after Goldman Sachs upgraded the shares to “Buy” and raised its price target to $303, citing strong growth prospects across crypto infrastructure, tokenization, and prediction markets.
What Goldman Sachs Highlighted
- Crypto infrastructure expansion
Coinbase is increasingly positioned as a core platform for custody, trading, settlement, and compliance.
- Tokenization tailwinds
Growth in tokenized assets and on‑chain settlement could drive higher institutional usage and fee generation.
- Prediction markets opportunity
New market categories may add incremental revenue streams beyond spot trading.
Goldman’s upgrade reflects confidence in Coinbase’s ability to diversify beyond transaction‑driven revenue.
Why the Market Reacted Strongly
- Validation from a top investment bank
- Improved outlook for long‑term, recurring revenues
- Re‑rating potential as Coinbase evolves into a crypto financial infrastructure company, not just an exchange
The move suggests investors are increasingly pricing Coinbase as a platform business rather than a cyclical trading play.
Broader Implications
- Reinforces institutional conviction in public crypto equities
- Highlights growing interest in on‑chain financial primitives
- Signals that Wall Street is factoring crypto infrastructure growth into traditional equity models
Bottom Line
Coinbase’s 8% rally following Goldman Sachs’ upgrade to “Buy” and a $303 price target underscores rising confidence in the company’s role at the center of crypto infrastructure, tokenization, and emerging on‑chain markets.
Disclaimer: The articles published on this page are written by independent contributors and do not necessarily reflect the official views of MEXC. All content is intended for informational and educational purposes only and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC. Cryptocurrency markets are highly volatile — please conduct your own research and consult a licensed financial advisor before making any investment decisions.
You May Also Like
Woman shot 5 times by DHS to stare down Trump at State of the Union address
A House Democrat has invited Marimar Martinez to attend President Donald Trump's State of the Union address in Washington, D.C., after she was shot by Customs and
Share
Rawstory2026/02/06 03:36
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise
The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37
WLFI Drops 20% Weekly as Price Tests the Crucial $0.113 Support
On Thursday, February 5, World Liberty Financial (WLFI) is continuing its decline and is trading at $0.1281, decreased by 5.89% in the past day. The token has lost
Share
Tronweekly2026/02/06 03:00