Coinbase(US:COIN) 智通财经网·2026-01-12 07:01Group 1 - Coinbase is undergoing a strategic transformation with the announcement of its "Everything Exchange" vision, aiming to expand beyond traditional boundaries into the traditional financial market [1] - Major investment banks, including Goldman Sachs, have upgraded Coinbase's stock rating to "buy," indicating confidence in its potential for horizontal expansion into traditional finance [1] - Bernstein has lowered Coinbase's target price from $510 to $440 while maintaining an "outperform" rating, anticipating a tokenization supercycle by 2026 [1] Group 2 - Rosenblatt has also reduced Coinbase's target price from $470 to $325 but maintains a "buy" rating, citing a significant slowdown in trading activity [2] - Goldman Sachs upgraded Coinbase's rating from "neutral" to "buy" and increased its target price from $294 to $303, highlighting recent product launches that enhance its core business competitiveness [2] - Coinbase plans to introduce zero-commission stock trading and expand into ETF management and commodity prediction markets, directly challenging traditional financial platforms like Robinhood [3] Group 3 - The company aims to establish a more stable multi-dimensional revenue structure by focusing on the expansion of stablecoin payment ecosystems and developer penetration of the Base blockchain [3] - Coinbase is lobbying to retain the right to offer stablecoin rewards, which could generate up to $1.3 billion in non-interest income annually, amid upcoming legislative reviews [3] - The company announced it will cease trading between the Argentine peso and USDC by January 31, 2026, while still allowing conversions between pure cryptocurrencies [3]