Bernstein, a prominent Wall Street research and brokerage firm, has significantly increased its target price for Coinbase (COIN) shares to $510, a substantial 64% leap above its current valuation. This bullish outlook, reported by CoinDesk, highlights Coinbase's strategic evolution beyond a mere exchange platform. According to Bernstein, Coinbase is strategically "positioning itself as a 'cryptocurrency universal bank'," seamlessly integrating retail, institutional, and on-chain infrastructure. This comprehensive approach solidifies its position within the evolving crypto landscape. Furthermore, Coinbase's inclusion in the S&P 500 index as the only crypto-native company reinforces its legitimacy and market dominance. Despite fierce competition, Coinbase continues to lead the US market, driven by its innovative services and expanding ecosystem. This revised target price reflects confidence in Coinbase's future growth and its pivotal role in the wider adoption of cryptocurrency. ```