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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/18/2026

Benchmark Maintains $270 Price Target on Coinbase, Citing Shift Beyond Brokerage

What happened: Benchmark reiterated its Buy rating and $270 price target for Coinbase, implying nearly 60% upside from current levels.

Benchmark Maintains $270 Price Target on Coinbase, Citing Shift Beyond Brokerage

What happened: Benchmark reiterated its Buy rating and $270 price target for Coinbase, implying nearly 60% upside from current levels. The firm argues Coinbase is evolving from a cyclical crypto brokerage into a bridge between traditional finance and onchain markets. Catalysts include CFTC approval for derivatives, the acquisition of Deribit, expansion into prediction markets, and new infrastructure for AI agents and digital payments. The $270 target was originally set in May 2026 and is now reaffirmed following Coinbase’s recent System Update event.

Why it matters: The bullish thesis reflects optimism about Coinbase’s ability to diversify revenue streams and capture new market segments. However, analyst consensus is split, with some firms citing softer revenue outlooks. The company’s success will hinge on scaling its TradFi-onchain crossover and maintaining regulatory momentum, especially as competition intensifies.

Source: The Block