Group 1 - Coinbase faces challenges in prediction markets compared to Robinhood, with 50% of Robinhood users planning to fund bets with new cash versus 37% for Coinbase [1] - Analysts express concerns about potential cannibalization of crypto sales impacting Coinbase's sales from prediction markets, leading to a price target reduction from $320 to $280 [2] - Coinbase is expected to launch new products that may enhance its competitiveness against Robinhood, which has already entered the prediction market space [3] Group 2 - Mizuho analysts note that Robinhood and Coinbase users are significantly more likely to engage with prediction markets compared to non-users, indicating a strong overlap in user demographics [5] - The recent decline in Bitcoin prices, from an all-time high of over $126,000 to $87,690, has influenced market trends and expectations for Coinbase [4]