{"id":58532,"date":"2026-01-06T11:35:02","date_gmt":"2026-01-06T04:35:02","guid":{"rendered":"https:\/\/hbbgroup.net\/coinbase-rallies-8-after-goldman-sachs-upgrades-stock-to-buy\/"},"modified":"2026-01-06T11:35:02","modified_gmt":"2026-01-06T04:35:02","slug":"coinbase-rallies-8-after-goldman-sachs-upgrades-stock-to-buy","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/coinbase-rallies-8-after-goldman-sachs-upgrades-stock-to-buy\/","title":{"rendered":"Coinbase rallies 8% after Goldman Sachs upgrades stock to \u2018buy\u2019"},"content":{"rendered":"
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Coinbase shares spiked 8% after Goldman Sachs upgraded COIN from \u201cneutral\u201d to \u201cbuy\u201d as it upped its 12-month price target on its growing diversification. <\/p>\n

In a report<\/a> on Monday, Goldman Sachs analyst James Yaro said the bank has \u201cselective optimism\u201d about US brokers and \u201cstructurally growing crypto infrastructure businesses\u201d such as Coinbase.\u00a0<\/p>\n

The firm upgraded COIN to \u201cbuy\u201d and also raised<\/a> its 12-month price target from $294 to $303 per share. COIN closed the day with an 8% gain, sitting at $254.92 at the time of writing, with minimal action in after-hours markets.\u00a0\u00a0<\/p>\n

At the current price, Goldman Sachs\u2019 12-month price target would represent an 18% gain from here.\u00a0<\/p>\n

Source: <\/em>Matthew Sigel<\/em><\/a> <\/em><\/figcaption><\/figure>\n

In the report, Yaro pointed to strong growth potential in crypto firms like Coinbase, which are working on broader initiatives beyond just crypto trading<\/a>, as he highlighted infrastructure plays, tokenization and prediction markets.<\/p>\n

According to recent comments from Coinbase CEO<\/a> Brian Armstrong, the firm is doubling down on its \u201ceverything exchange\u201d strategy as he outlined plans to prioritize stablecoins, broaden exchange services and its Ethereum layer-2 Base in 2026.\u00a0<\/p>\n

Related: <\/strong><\/em>Crypto Fear and Greed Index flips to \u2018neutral\u2019 for first time since Oct<\/strong><\/em><\/a><\/p>\n

Coinbase also recently integrated prediction markets<\/a> into its platform in partnership with Kalshi, as the firm pushed to capitalize on one of the fastest-growing sectors in crypto last year.\u00a0<\/p>\n

Goldman Sachs is optimistic about crypto in 2026<\/h2>\n

Commenting more broadly on the crypto market, Yaro said the bank expects greater adoption in 2026 from both retail and institutions, as he pointed to regulatory developments in the US that may bolster the industry:<\/p>\n

\u201cOur base case includes further crypto regulatory reform, catalyzing further broad-based crypto adoption, and use cases beyond crypto trading, most importantly among institutions, whose adoption thus far has been limited.\u201d<\/p><\/blockquote>\n

\u201cWe acknowledge that further regulatory reform, in particular, the US Congress\u2019 draft crypto market structure bill would be key to crypto ecosystem growth; the bill failing to pass could be a substantial headwind,\u201d he added.\u00a0<\/p>\n