On February 13, U.S. cryptocurrency industry leader Coinbase announced its Q4 earnings fell short of market expectations, quickly prompting Wall Street analysts to collectively adjust their ratings and target prices. Institutions such as JPMorgan Chase and Canaccord have downgraded their valuation expectations for COIN, reflecting the ongoing impact of the current crypto market weakness on the company’s fundamentals.
JPMorgan Chase pointed out that the decline in digital asset prices and trading activity directly compressed COIN’s trading volume and fee income. While maintaining an “Overweight” rating, the firm lowered its target price from $290 to $252. Analyst Kenneth Worthington’s team mentioned that operating expenses increased by 22% year-over-year, and the shift toward low-fee advanced trading modes and subscription services has put short-term pressure on profit margins.
Since the beginning of this year, COIN’s stock price has fallen approximately 40%, with pre-market prices hovering around $150, a significant retreat from last year’s highs. Meanwhile, Bitcoin has declined about 25% year-to-date, and overall market trading volume continues to shrink, dragging down related concept stocks.
Canaccord also lowered its short-term outlook but maintained a “Buy” rating, reducing its target price from $400 to $300. The firm believes that despite the weakness in spot markets, the platform still holds advantages in product layout and market share. Leading analyst Joseph Vafi and his team noted that their “All-in-One Exchange” strategy is progressing, with ongoing expansion of USDC commercial scenarios, Base, and DeFi applications on Ethereum.
Additionally, the platform recently completed the acquisition of Deribit, seen as an important step in expanding international derivatives business and promoting cross-market synergy. Canaccord expects that although the industry environment remains tight in Q1, COIN is likely to continue expanding its market share and enhance shareholder value through buybacks, with the current stock price possibly nearing a cyclical bottom.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Nomura institutional investor survey: 65% view crypto assets as a key diversification allocation, and nearly 80% plan to enter within three years
According to a survey by Nomura Holdings and Laser Digital, 65% of Japanese institutional investors view crypto assets as an important diversification allocation tool, highlighting their focus on low correlation. Nearly 80% of respondents plan to allocate 2%-5% of assets to crypto over the next three years, and they show strong interest in diversified sub-themes such as staking and lending. Improvements in Japan’s regulatory environment have driven this trend, but barriers still remain, such as taxation and internal risk control.
ChainNewsAbmedia5h ago
AI consumes 80% of global venture capital; Q1 2026 sees a pull of $242 billion: How crypto players should respond to the reallocation of capital
According to reports, in Q1 2026 the total global venture capital funding is close to $300 billion, of which AI-related companies account for about $242 billion alone, or 80% of venture capital. This shows that AI has become the primary focus of venture capital. As funding concentrates on AI, other areas such as crypto have been squeezed; industry players need to adjust their strategies, integrate AI more deeply into their businesses, and expect a trend of infrastructure consolidation.
ChainNewsAbmedia9h ago
Nomura Securities survey: Eight in ten institutional investors plan to allocate 2% to 5% of AUM to crypto assets
A 2026 digital asset institutional investor survey by Nomura Securities (Nomura) and its crypto subsidiary, Laser Digital, shows that nearly four-fifths of surveyed institutional investors plan to allocate 2% to 5% of their total assets under management (AUM) to the crypto market. Most institutions say they plan to do so within the next year rather than investing immediately.
MarketWhisper04-17 03:05
Nomura Survey: 80% of Institutional Investors Willing to Allocate 2-5% to Cryptocurrencies
A Nomura survey reveals 80% of institutional investors aim to invest 2-5% in cryptocurrencies, favoring yield strategies like staking and lending. Regulatory clarity and risk management are key to boosting institutional interest in digital assets.
GateNews04-16 19:11
Stablecoin Market Hits $322B ATH, Q1 2026 Trading Volume Reaches $8.3 Trillion
The stablecoin market experienced significant growth, surging $2.25 billion to reach $322 billion, despite a broader crypto market contraction. USDC saw a substantial supply increase, while USDT maintained its market share. Yield-bearing stablecoins contributed notably to this growth, with transaction activity hitting an all-time high.
GateNews04-16 19:02
