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Bernstein indicates that Coinbase stocks are poised for a substantial increase in the near future. The firm believes that regulatory changes could yield positive impacts when evaluating the current market conditions.
Expert Opinions
Gautam Chhugani, a global digital asset manager at Bernstein, suggests that the Trump administration’s policies toward the crypto sector will support Coinbase. According to his assessment, regulatory clarity and upcoming new regulations could pave the way for a value increase of up to 72% for Coinbase.
Currently, there is a close relationship between the team handling cryptocurrency regulations under Trump and Coinbase. It is also important to consider Coinbase’s generous donations to Trump.
Regulatory and Market Impacts
Chhugani further adds that the U.S. aims to adopt a pioneering role in the crypto sector, which could lead to significant advancements in the country’s cryptocurrency market. He believes that new regulatory proposals could especially enhance competition concerning stablecoins.
Gautam Chhugani: “The Trump administration’s effort to make America a crypto hub strengthens Coinbase’s dominant position in the U.S. market.”
The analyst expects that the implementation of regulatory clarity will increase pressure from firms like fintechs, brokers, and banks, which are new entrants to the market. However, strong market trends and dominance within the U.S. market have the potential to mitigate these challenges.
Bernstein has given Coinbase an “outperform” rating, raising the stock target price from $180 to $310. Additionally, the firm anticipates an annual compound growth rate of about 31% in the company’s off-exchange revenues.
In line with innovations in crypto financial services and the digital asset market, Coinbase is expected to stand out not only with its trading volume but also through stablecoin-supported products and yield-generating services.
Overall, Bernstein’s statements suggest that if the market can overcome current regulatory uncertainties, there could be significant increases in Coinbase’s valuation. Investors should consider that sector dynamics may change in the coming times.
