What You Should Know

• Analyst Chris Brendler believes the recent drop in Coinbase’s shares provides a great buying opportunity, predicting potential gains due to a crypto-friendly administration.
• Rosenblatt has started coverage on Coinbase with a buy rating and a target price of $305, indicating a 45% upside from the current share price.
• Brendler identifies COIN as a leading player in the crypto sector, likely to benefit from favorable market conditions and regulatory clarity.

Despite a challenging few weeks for Coinbase, with shares falling roughly 30% since mid-February and 40% from a peak in early December, the investment firm sees a chance for significant gains. They suggest that investors should consider purchasing at this lower price point, as the company is well-positioned to thrive under the Trump administration’s pro-crypto policies.

Brendler considers COIN to be a solid investment, stating, “COIN is the clear blue chip in the sector and should benefit from multiple positive tailwinds.” He highlights the company’s capacity to navigate both favorable and unfavorable market conditions, which, combined with growth in non-trading revenues, positions it for resilience even during market downturns. He expresses optimism about the market outlook, declaring,

“Fortunately, we think it is more of a ‘Crypto Spring’ right now and like the stock here after the pullback.”

COIN’s recent decline can be attributed to evolving political factors, including tariffs introduced by President Donald Trump, which have influenced market confidence broadly. Despite this, Brendler reiterates Coinbase’s strong brand recognition, liquidity, and user experience as key strengths contributing to its market dominance.

As of Friday, COIN’s share price is down by 1%, priced at $211, while major indices like the Nasdaq and S&P 500 have also seen declines.