Bernstein Raises Coinbase Price Target to $510, Considering it the Most Misunderstood Crypto Company

Coinbase, a leading cryptocurrency trading platform, has been climbing the financial charts after its stock shot up by 12% this past Tuesday. Consequently, the Wall Street analysts at Bernstein have raised their previous price target for the company from $310 to an impressive $510.

Coinbase: A Misunderstood Company

According to Bernstein analysts, Coinbase is “the most misunderstood company” in their crypto coverage universe. The company is significantly underestimated by a bearish consensus amongst other Wall Street analysts despite its dominant position in consumer cryptocurrency trading as well as institutional digital currency services. Coinbase’s stock has steadily increased over 40% in 2025 alone, underscoring the potential that remains untapped by a majority of the Wall Street consensus. This consistent growth and success challenge the bearish perspective many have about the company’s prospects.

The Bear Thesis Debunked

According to Bernstein analysts, the bearish thesis on Coinbase has failed to materialize. Notwithstanding new competitors entering the market, Coinbase has managed to sustain its market share. The company’s ongoing resilience in the face of competition bears testament to its strong foundations and robust strategies. Analysts highlighted that traditional brokerage competition is still several months away from launch. This creates a window in which Coinbase can consolidate its market position even further. In the rapidly evolving cryptocurrency timeline, these few months could equate to an eternity.

Traditional Crypto Brokerage Not a Threat

When traditional crypto brokerages finally arrive, Bernstein analysts posit they will likely not pose a meaningful threat to Coinbase. Based on current indicators, it seems that these firms will not feature full suite products that span Coinbase’s broad range of offerings. The analysts expressed skepticism about these incoming challenges, suggesting they might fall short of being able to serve the needs of today’s dynamic digital currency market as effectively as Coinbase has and continues to do.

Coinbase on the Rise

Coinbase’s surge in share value in recent weeks is linked to congressional progress in passing legislation related to the cryptocurrency industry. This legislative success has contributed to an uptick in investor confidence and demand for Coinbase shares. One such investor is Cathie Wood, whose firm, Ark Invest, has purchased additional shares of Coinbase. The widespread anticipation about the rising prominence of cryptocurrencies and increasing legislative support has undoubtedly contributed to Coinbase’s surge in the stock market. A growth of over 40% this year alone reflects the burgeoning faith in the leading cryptocurrency trading platform’s capacity to adapt, innovate, and grow.

Final Remarks

It should be noted that this article has been updated since it was first published to reflect more recent share price values. As the cryptocurrency market and its legislative landscape continue to evolve, so do Coinbase’s prospects. At this time, its strong performance and positive price targets from respected analysts mark an optimistic path forward for the company.