BTIG reduces Coinbase (COIN) price target to $340, citing anticipated decline in Q4 transaction volumes

Coinbase Global Inc. (NASDAQ: COIN) has been a significant stock with potentially high returns. On February 5, BTIG revised its price target for Coinbase downwards to $340 from $420 before the Q4 2025 earnings release. This adjustment was due to the stock’s decline by 49% post-Q3 report compared to the broader crypto market’s 32% fall, which is expected to be driven by weakened transaction volumes in Q4. Despite this setback, BTIG considers the current share price as an attractive entry point, emphasizing Coinbase’s efforts in creating a synergy between its trading business and digital asset applications. The firm anticipates the upcoming earnings report to showcase successful revenue diversification away from volatile transaction fees.

In contrast, Compass Point maintained a Sell rating on Coinbase on January 23 and decreased its price target to $190 from $230. The firm predicts a 4% revenue shortfall for Q4 2025 encompassing both trading and subscription segments, coupled with concerns about a potential decline in stablecoin revenue by early 2026. The outlook is further clouded by the lack of legislative advancement on the CLARITY Act and a valuation approximately 30x the estimated 2026 EBITDA, exceeding the 15x to 20x multiples recorded during past market downturns.

Coinbase Global Inc. is engaged in operating a crypto asset platform in the US and worldwide, providing a primary financial account in the crypto economy, brokerage services, and a range of products for on-chain development. While recognizing COIN’s investment potential, some believe that certain AI stocks may present more substantial upside with less downside risk. For investors seeking a significantly undervalued AI stock poised to gain from Trump-era tariffs and the onshoring trend, a detailed report on the top short-term AI stock is available.

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