Coinbase Shares Poised for Major Rally Amid Strategic Shift

As Bitcoin fluctuates nervously around the $87,000 level and investors grapple with the aftermath of a recent correction, analysts covering Coinbase appear to be focused on a dramatically different outlook. Despite the volatile market environment, a new forecast suggests the U.S. cryptocurrency exchange could surge by nearly 90 percent in a relatively short timeframe. What is driving this bold prediction?

Market research firm Bernstein has reaffirmed its "Outperform" rating for Coinbase equity, setting a price target of $510. According to analyst Gautam Chhugani, the company's significant potential stems from a fundamental evolution: its transition from a pure-play crypto trading venue into a comprehensive "Full-Stack Financial Platform."

This shift is reducing its traditional reliance on spot trading revenues while new, high-growth business segments gain traction:

• Stablecoins are creating reliable revenue streams through increasing adoption.
• Derivatives are attracting more sophisticated investor groups.
• Token issuance provides the infrastructure for new digital assets.
• Regulatory clarity in the United States is bolstering the business model.

This strategic diversification is making the firm less vulnerable to Bitcoin's price swings—a crucial advantage in a month where the leading cryptocurrency has shed over 21 percent of its value.

Should investors sell immediately? Or is it worth buying Coinbase?

Key December Dates in the Spotlight

Investor attention is now turning to two critical events on the calendar. On December 9, 2025, CFO Alesia Haas is scheduled to speak at the Goldman Sachs Financial Services Conference. The market anticipates insights into the company's current financial health and strategic planning for the upcoming fiscal year.

One week later, on December 17, a product presentation is slated—an event analysts view as a potential catalyst for the stock. Operationally, Coinbase continues to expand its offerings. Its new "Instant Unstaking" feature, for instance, allows customers immediate access to staked assets for a 1 percent fee, representing a high-margin ancillary business.

ARK Invest Increases Stake Amid Market Weakness

Notably, Cathie Wood's ARK Invest recently added to its position in Coinbase, even as the shares trade significantly below their yearly peaks. Priced at approximately €226.50, the stock sits roughly 37 percent below its 52-week high reached in July.

The consensus view among 24 analysts covering the stock is a "Moderate Buy," with an average price target of $396.30. This figure implies an upside of about 47 percent from current levels. Bernstein's $510 target sits at the bullish end of this spectrum, signaling strong confidence in the company's long-term earnings potential, which appears increasingly decoupled from daily crypto volatility.