Popular crypto stock surges after Goldman Sachs revamps price target

Coinbase (NASDAQ: COIN) was rallying higher during pre-market hours on Jan. 5 after analysts astatine Goldman Sachs expressed renewed assurance successful the company.

This follows a twelvemonth of underperformance for the stock.

Goldman expert James Yaro said that this precise underperformance has created an charismatic introduction constituent for investors.

Related: How Coinbase Became the Largest U.S. Cryptocurrency Exchange

Launched by Brian Armstrong and Fred Ehrsam successful 2012, Coinbase operates the largest crypto speech successful the U.S. It went nationalist successful 2021 and made it to the S&P 500 scale successful May 2025.

However, Coinbase’s past-year information shows the banal dropped by 8.04%, portion year-to-date figures bespeak a summation of 4.59%, according to Yahoo Finance.

Meanwhile, analysts person precocious shown greater enthusiasm for the stock.

Clear Street expert Owen Lau revealed his apical 3 fintech ideas for 2026 — naming Coinbase alongside fiscal giants Nasdaq and S&P Global.

In his caller outlook report, Lau described the crypto speech arsenic a cardinal subordinate successful the pivot toward blockchain-based fiscal infrastructure.

Veteran capitalist Cathie Wood continues to get Coinbase shares done ARK Invest.

As of Jan. 5, the banal presently holds the pursuing presumption among each the holdings of these ARK funds:

• ARKK: Fourth-largest- 5.24% ($365.8 million),

• ARKW: Seventh-largest- 4.7% ($99 million), and

• ARKF: Second-largest- 5.9% ($64 million).

• Coinbase users suffer $16 cardinal successful crypto scam

• Coinbase sues 3 U.S. states implicit prediction markets

• Cathie Wood buys $59M successful battered crypto stocks

Goldman's Yaro said helium expects the company’s valuation to fortify arsenic Coinbase transitions from cyclical to structural growth, highlighting its beardown concern fundamentals, arsenic per CNBC.

“COIN’s standard and marque designation proceed to thrust above-average gross maturation and marketplace stock gains, with a best-in-class [customer acquisition cost]... supplemented by caller merchandise rollouts that marque COIN much competitory generally, and specifically successful caller structural maturation products,” helium wrote.

The expert expects much upside from the continued maturation of Coinbase’s halfway offerings, arsenic good arsenic from its expanding crypto infrastructure business.

“We are constructive connected COIN’s increasing vulnerability to crypto infrastructure businesses done its subscription and services offerings, which should dampen net volatility implicit time,” Yaro added.

He noted that Coinbase’s subscription and services segment, including custody, stablecoins, staking and premier brokerage, has expanded from nether 5% of gross successful 2020 to astir 40% by 2025 estimates. The steadfast expects continued robust maturation of astir 13% annually from 2025–2027, arsenic the crypto ecosystem evolves beyond trading.