 ▲ Source: Coinbase Blog ©CoinReaders |
Wall Street remains optimistic about Coinbase shares, which plunged due to an earnings shock and a temporary trading suspension, suggesting the stock still has double-digit upside potential.
According to cryptocurrency media outlet Finbold on February 13 (local time), Coinbase (NASDAQ: COIN) fell 7.90% in a single day on February 12 after reporting disappointing earnings and announcing a temporary suspension of trading services for some users. As the digital asset correction that began after Bitcoin (BTC) hit an all-time high in October 2025 accelerated toward late January 2026, Coinbase’s fourth-quarter revenue declined 20% quarter-over-quarter to $1.8 billion. The company also posted a net loss of $667 million, reflecting unrealized losses caused by the sharp drop in virtual asset prices.
After the market closed, perceptions that the sell-off had been excessive spread, leading to a partial rebound. COIN shares rose 4.55% in after-hours trading from a closing price of $141.09 to $147.51. Despite the short-term shock, investors appeared to view the decline as overdone.
Wall Street’s view also remains relatively favorable. The average investment rating for Coinbase is “Moderate Buy,” with a 12-month average price target of $302.06, implying about 114% upside from the current share price. Notably, this optimism is based on recently revised reports rather than outdated forecasts.
Since January 1, there have been a total of 14 rating revisions on Wall Street, of which only three were “Hold” and one was “Sell.” Andrew Harte of BTIG lowered his price target from $340 to $280 but maintained a “Buy” rating, while Andrew Jeffrey of William Blair reaffirmed a “Buy” opinion without specifying a target price. In contrast, Monness analyst Gustavo Gala sharply cut his target from $375 to $120 and issued the only “Sell” rating of 2026 so far.
Ultimately, despite short-term headwinds from weak earnings and trading disruptions, Wall Street appears to view Coinbase as a beneficiary of a recovery in the digital asset market. Future trends in cryptocurrency prices and a rebound in trading volume are expected to be key variables for the stock’s recovery.
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