Benchmark, a US investment bank, has issued a bullish outlook for Coinbase (COIN), setting a target stock price of $252. This represents a significant upside from the current pre-market trading price of $197.9. The investment bank has given Coinbase a "buy" rating. According to CoinDesk, Benchmark believes that Coinbase offers comprehensive services catering to both individual and institutional investors. They suggest that the current stock valuation doesn't adequately reflect the potential of the cryptocurrency market and anticipate an upcoming improvement in the overall market sentiment. Coinbase continues to be a leading platform for cryptocurrency trading and custody solutions, positioning itself to benefit from increased adoption and institutional interest in digital assets. The $252 price target reflects confidence in Coinbase's long-term growth prospects. ```