Coinbase’s stock could climb to $310, according to Bernstein analyst Gautam Chhugani. With the stock currently at $182, that would be a 68 percent jump. Chhugani believes this surge is possible due to increasing U.S. support for crypto, particularly under Donald Trump’s administration, which aims to make the country a leader in blockchain innovation.
Is Coinbase making a comeback?
Chhugani has given it an outperform rating, signaling confidence that the stock will perform better than most. He describes Coinbase not just as a crypto exchange but as a universal bank for digital assets.
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The prediction comes after Trump hosted the first White House Crypto Summit on March 7 and signed an executive order to create a Bitcoin reserve using confiscated crypto. Many view this as a step toward integrating Bitcoin into the traditional financial system.
Joe Burnett, head of market research at Unchained, sees this as a turning point, saying the U.S. is acknowledging Bitcoin’s role in global finance.
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While Coinbase stands to benefit, regulatory changes take time. Anastasija Plotnikova, CEO of Fideum, noted that setting up a clear framework won’t happen overnight, though friendlier rules could help Coinbase solidify its position as a major player in crypto financial services.
