Owen Lau, a top analyst from Oppenheimer, raised the price target for Coinbase Global (COIN) stock to $417 from $395 and reiterated a Buy rating amid growing optimism as the U.S. enters the “Crypto Week.” The stock price target upgrade came in as the U.S. House of Representatives began discussions on a series of crypto bills in what has been dubbed “Crypto Week.” On Monday, Bitcoin (BTC-USD) traded above $120,000 to set a new record level, while COIN stock touched a 52-week high of $398.50. Coinbase stock has rallied about 59% year-to-date.
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The potential crypto laws are expected to provide clarity on the regulatory framework for the digital asset industry. One of the key bills under consideration is the GENIUS Act, which will regulate stablecoins.
Top Oppenheimer Analyst Is Bullish on COIN Stock
Lau believes that cryptocurrency exchange Coinbase is well-positioned to gain from the mass adoption of digital assets. The 5-star analyst added that if Congress passes the GENIUS Act and the other bills under consideration, “it will legitimize this space and drive adoption.”
The analyst highlighted that Coinbase stock rallied more than 100% in Q2 2025 and became the S&P 500’s (SPX) best performer in the quarter. Lau attributed this jump in COIN stock to its S&P 500 inclusion, passage of the GENIUS Act by the Senate, and the stellar stock performance of the company’s partner Circle Internet (CRCL). Interestingly, CRCL stock has rallied more than 53% over the past month.
However, Lau thinks that the setup for Coinbase seems “unfavorable” heading into Q2 results. He expects COIN’s Q2 2025 trading volume to decline by 3% year-over-year and 44% quarter-over-quarter to $220 billion. Notably, Lau’s estimates for trading volume, revenue, adjusted EBITDA, and earnings per share (EPS) are all lower than the Street’s expectations. That said, Lau noted that the buy side seems to be “well aware of this weak print and downward earnings-estimate revision.” Lau expects a more attractive entry point to arise for COIN stock after the Q2 results.
Argus Analyst Assigns COIN Stock a Buy Rating
Argus analyst Kevin Heal initiated coverage on Coinbase Global stock with a Buy rating and a price target of $400. The 5-star analyst noted COIN’s impressive track record and believes that the recent passage of the GENIUS Act by the Senate will provide an “impetus to growth.” He expects management’s aggressive investments in research and development (R&D) and acquisitions to drive continued growth in daily users.
Heal also highlighted that COIN stock became the first crypto-native member to be included in the S&P 500. He stated that Coinbase Global is in the early stages of expanding into other crypto products as well. Heal contended that while COIN stock is trading at more expensive levels than other crypto exchanges, its higher-than-peer group margins and promising growth runway justify the premium, “at least in the near term and during a bull market.”
Is COIN Stock a Good Buy?
Overall, Wall Street has a Moderate Buy consensus rating on Coinbase Global stock based on 13 Buys, 11 Holds, and one Sell recommendation. The average COIN stock price target of $313.14 indicates a possible downside risk of 20.5% from current levels.
