{"id":19256,"date":"2026-01-06T08:19:58","date_gmt":"2026-01-06T08:19:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/goldman-sachs-turns-bullish-on-coinbase-upgrades-coin-to-buy-rating\/"},"modified":"2026-01-06T08:20:54","modified_gmt":"2026-01-06T08:20:54","slug":"goldman-sachs-turns-bullish-on-coinbase-upgrades-coin-to-buy-rating","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/goldman-sachs-turns-bullish-on-coinbase-upgrades-coin-to-buy-rating\/","title":{"rendered":"Goldman Sachs turns bullish on Coinbase, upgrades COIN to \u2018buy\u2019 rating"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Coinbase shares were up on Monday, Jan. 5, gaining as much as 8% in intraday trading, after Goldman Sachs upgraded their rating for COIN from \u201cneutral\u201d to \u201cbuy.\u201d<\/p>\n<div id=\"cn-block-summary-block_3adf9db80e3b7da68f5c20f08217da62\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Coinbase shares jumped as much as 8% after Goldman Sachs upgraded the stock to a buy rating.<\/li>\n<li>Goldman cited Coinbase\u2019s focus on infrastructure-driven businesses beyond trading as a key reason for the upgrade.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>As <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/matthew_sigel\/status\/2008163922294276227\" target=\"_blank\" rel=\"nofollow\">highlighted<\/a> by VanEck\u2019s Head of Digital Asset Research, Matthew Sigel, the investment bank said it holds \u201cselective optimism\u201d toward structurally growing, infrastructure-facing brokers in the US and singled out Coinbase as a leader in that category.<\/p>\n<p>Over the past years, Goldman Sachs\u2019 rating on Coinbase has varied from lows during the crypto winter to more constructive views as market conditions improved. Between mid-2022 and the end of 2025, the firm\u2019s stance fluctuated between \u201csell\u201d and \u201cneutral,\u201d making this the first time Goldman has reinstated a \u201cbuy\u201d rating since its initial coverage of Coinbase back in 2021.<\/p>\n<p>Not only that, but Goldman has also raised its 12-month price target for the stock, bumping the target for COIN from $294 to $303 per share. At current prices, that would represent a rally of roughly 18%.<\/p>\n<p>At press time, COIN was changing hands at $254.92, with gains of 7.77% on Jan. 5. The stock is now up nearly 11% year to date.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Coinbase share price | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.google.com\/finance\/beta\/quote\/COIN:NASDAQ?sa=X&amp;ved=2ahUKEwjozqLrmvaRAxXNxzgGHUNzGVEQ3ecFKAV6BAgnEAY\" target=\"_blank\" rel=\"nofollow\">Google Finance<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>According to Goldman Sachs analyst James Yaro, the rating was influenced by the bank\u2019s view that infrastructure-heavy firms like Coinbase, which are working on products beyond trading, hold strong growth potential in the coming cycle.<\/p>\n<p>However, the bank is optimistic about the digital asset space in general, as it hopes that adoption will continue as a byproduct of ongoing regulatory developments in the US.<\/p>\n<p>\u201cOur base case includes further crypto regulatory reform, catalyzing further broad-based crypto adoption, and use cases beyond crypto trading, most importantly among institutions, whose adoption thus far has been limited,\u201d Yaro said.<\/p>\n<h1 class=\"wp-block-heading\">Coinbase expands its operations<\/h1>\n<p>Coinbase has stepped up its efforts and moved closer to its goal of becoming the \u201ceverything exchange\u201d by launching new products across multiple sectors.<\/p>\n<p>Last month, Coinbase integrated the regulated prediction market Kalshi to offer event contracts directly on the Coinbase app. At the same time, it started the phased rollout of its commission-free stock and ETF trading platform, alongside commerce-focused initiatives like Coinbase Business.<\/p>\n<p>Coinbase was also accelerating its expansion efforts in Asia and the Middle East at the time. After formally reopening operations in India following a two-year regulatory pause, Coinbase received the green light from Indian competition regulators regarding its move to acquire a minority stake in CoinDCX.<\/p>\n<p>Outside of its expansion efforts, 2025 was also a breakout year for the crypto exchange, as evidenced by its third-quarter earnings report that surpassed analyst expectations. In terms of total revenue, the numbers were up 25% from the previous quarter and marked a 55% increase year over year.<\/p>\n<p>However, for Q4, Wall Street <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/COIN\/analysis\/\" target=\"_blank\" rel=\"nofollow\">analysts expect<\/a> the company to report earnings of approximately $1.08 to $1.16 per share on forecasted revenues of about $1.95 billion, which would represent a year-over-year decline in earnings compared to 2024 numbers.<\/p>\n<p>This may be grounded in the overall poor performance of the crypto space that has persisted since mid-October.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase shares were up on Monday, Jan. 5, gaining as much as 8% in intraday trading, after Goldman Sachs upgraded their rating for COIN from \u201cneutral\u201d to \u201cbuy.\u201d Summary Coinbase&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=19256"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19256\/revisions"}],"predecessor-version":[{"id":19257,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19256\/revisions\/19257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3946"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=19256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=19256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=19256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}