Bernstein Gives Coinbase (COIN) an Outperform Rating Amid Tokenization Supercycle Outlook

Coinbase Global Inc. (NASDAQ:COIN) is one of the oversold stocks to buy now. On January 6, Bernstein analyst Gautam Chhugani lowered the firm’s price target on Coinbase to $440 from $510, while keeping an Outperform rating on the shares. Bernstein anticipates a tokenization supercycle for 2026, characterized by the migration of the dollar, capital markets, and event-based assets onto the blockchain. The firm remains optimistic about Bitcoin, expressing confidence that the cryptocurrency and the broader dig ...