‘Too cheap to sell here’: Bernstein sees 212% upside for Coinbase stock as annual trading volume hits $5.2 trillion

Investment firm Bernstein has significantly raised its outlook for Coinbase (COIN), suggesting the stock is currently undervalued despite recent market fluctuations. In a research note to clients, analysts stated that the current valuation is ‘too cheap to sell,’ projecting a potential 212% upside for the shares. This bullish stance is primarily driven by the massive surge in trading activity across the platform, with annual trading volumes projected to reach an unprecedented $5.2 trillion. Bernstein points to the increasing institutional adoption of digital assets and the success of spot Bitcoin ETFs as major catalysts for Coinbase’s revenue growth. Furthermore, the firm highlighted Coinbase’s expanding ecosystem, including its Layer-2 solution Base and its diversified revenue streams from staking and stablecoins, which provide a solid foundation for long-term profitability. As the cryptocurrency market continues to mature and integrate with traditional finance, Bernstein views Coinbase as the premier regulated gateway, well-positioned to capture a dominant share of the global digital asset market.

Source: ‘Too cheap to sell here’: Bernstein sees 212% upside for Coinbase stock as annual trading volume hits $5.2 trillion