Coinbase Global's stock saw a rise on Monday as Bitcoin approached record highs, coinciding with Congress's upcoming discussions on cryptocurrency legislation. Shares of Coinbase (COIN) increased by approximately 2%. Oppenheimer analysts have raised their price target for the crypto exchange, anticipating the potential impact of three pro-crypto bills that could enhance digital asset usage. Bitcoin (BTCUSD) traded above $120,000, continuing its upward trend. Oppenheimer noted that Coinbase is well-positioned to benefit from the widespread adoption of digital assets. If Congress passes the GENIUS Act and the Digital Asset Market Clarity Act, which aim to create frameworks for stablecoins and regulate the crypto market, it could legitimize the industry and boost adoption. Oppenheimer has adjusted its price target for Coinbase to $417 from $395, representing a 7% premium over its recent close of around $387, significantly higher than the analyst consensus of approximately $330. Coinbase shares have surged 59% in 2025, with Argus Research initiating coverage at a $400 target. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC