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
CoinShares: Net inflows of $1.1 billion into digital asset investment products last week, the highest single-week level this year
According to CoinShares’ research report, digital asset investment products recorded a net inflow of $1.1 billion last week, the highest in the year to date. Bitcoin saw inflows of $871 million, Ethereum inflows of $196.5 million, and XRP inflows of $19.3 million, with the U.S. driving the dominant inflows. Overall market risk appetite rebounded, reflecting investor demand.
GateNews1h ago
VC professionals: There may be fewer than 20 institutions in the industry that are truly still investing in the seed round.
Varys Capital venture investment chief Tom Dunleavy noted that in the past six months, the crypto VC funding environment has changed significantly: well-funded projects are proactively coming to them, while most VC capital has run out or shifted to late-stage investments, extending the fundraising cycle to 2–3 months. Only a few institutions are still making early-stage investments, and in the future they may see investment opportunities on a historic scale.
GateNews3h ago
Stablecoins Eye $1.5 Quadrillion Future as Payments Shift On-Chain, Chainalysis Reports
_Stablecoins processed $28T in 2025 and could scale to $1.5 quadrillion as adoption and wealth shifts accelerate._
Stablecoins are moving beyond crypto trading into real economic activity at a rapid pace. Payments, remittances, and settlements now form a growing share of on-chain volume. New
LiveBTCNews4h ago
Federal Reserve Bank of Kansas City report: 49% of stablecoins are used for trading liquidity, and less than 1% are used for payment applications
The latest report from the Federal Reserve Bank of Kansas City shows that stablecoins are mainly used for crypto trading and liquidity management, with the proportion used for real payment applications falling short of 1%. In the future, issues such as cross-chain interoperability and compliance frameworks need to be addressed to promote the development of their payment use cases.
GateNews6h ago
Researchers propose a transaction scheme for quantum-resistant Bitcoin without needing a fork
Gate News message, on April 12, a researcher proposed a transaction scheme that enables quantum-resilient protection for Bitcoin without requiring a fork. At present, the quantum computing threat to Bitcoin is still at the theoretical level. Meanwhile, tech companies such as Google and Cloudflare have already begun preparing countermeasures and set a target timeline to complete the migration of quantum cryptography after 2029.
GateNews21h ago
Grayscale updates the list of candidate assets, adding 22 new projects including HYPE, STX, VIRTUAL, and others
Grayscale has updated its list of candidate assets for its products, covering four major categories: AI, finance, smart contract platforms, and utility tools, and adding multiple new projects. Current products include mainstream assets such as BTC and ETH, and the candidate list will be updated each quarter.
GateNews04-12 07:59
