Bank of America resets forecast for S&P 500 company

Bank of America has reset its forecast for the cryptocurrency company, Coinbase (Nasdaq: COIN), after it evaluated the exchange's positioning for 2026. Launched by Brian Armstrong and Fred Ehrsam in 2012, Coinbase operates the largest crypto exchange in the U.S. The company went public in 2021 and made it to the S&P 500 index in May 2025. Related: Bank of America recommends adding up to 4% of ‘gold rival’ BofA hails Coinbase's 'everything exchange' goal Bank of America's research analyst Craig Siegenth ...