🚀 Coinbase (COIN) Soars as Bernstein Boosts Price Target by 65% 🚀

Coinbase has been labeled “the most misunderstood stock” in crypto, as Bernstein raises its price target significantly following Circle’s IPO momentum. COIN shares jumped 12.1% on Tuesday and another 4.3% on Wednesday, closing at $359.80. This surge reflects rising confidence in Coinbase’s multi-pronged growth strategy.

Bernstein highlights Coinbase’s strong position: dominance in U.S. crypto trading, leadership in stablecoin infrastructure, rising institutional demand, and the upcoming launch of perpetual futures. The recent inclusion of COIN in the S&P 500 adds further validation from traditional markets.

📊 Investor Takeaways:

• COIN is trading 28% above its 21-day EMA, suggesting it’s overextended in the short term.

• With high volatility (ATR ~6.4%), traders should consider strategic entry points to avoid drawdowns.

🔍 What This Means for the Crypto Space:

• Validates crypto’s integration into legacy finance through regulated giants like Coinbase.

• Accelerates the rise of stablecoin ETFs and perpetual derivatives as investment tools.

• Highlights growing institutional participation and long-term confidence in the market.

Will you ride the COIN momentum or wait for a better entry? Let’s discuss. 💬