Trump’s Crypto-Friendly Policies Could Propel Coinbase Stock 60% Higher, Bernstein Reports

Bernstein Bullish on Coinbase, Predicts Strong Growth With $310 Price Target

Investment firm Bernstein has launched coverage on Coinbase (COIN) with an “outperform” rating and a $310 price target, citing favorable regulatory shifts and the exchange’s expanding business model as major tailwinds.

In its Monday report, Bernstein emphasized that the U.S. crypto industry is heading toward financial mainstream adoption, with Coinbase positioned as a key player in this transformation. Despite the optimistic outlook, COIN shares fell 2% to $185.20 in early trading. According to FactSet, 41% of Wall Street analysts rate the stock as a buy, while 7% hold a sell rating, and the remainder suggest holding.

With clearer regulations on the horizon, Coinbase is expected to face increased competition from banks, fintech firms, and traditional brokers. However, Bernstein analysts led by Gautam Chhugani believe that a strong bull market and rising U.S. dominance in the crypto space will offset any pressure on Coinbase’s market share or pricing power.

The Trump administration has signaled strong support for the crypto industry, with President Trump pledging to make the U.S. the “crypto capital of the world.” In line with this, the Securities and Exchange Commission (SEC) has established a crypto-focused task force, led by Commissioner Hester Peirce, to draft a clearer regulatory framework.

Bernstein also highlighted Coinbase’s success in diversifying its revenue streams beyond trading. The company has strengthened its presence in the U.S. dollar stablecoin market and expanded into crypto yield-generating services, including staking. The report projects that Coinbase’s non-trading revenues will grow at an annualized rate of 31% between 2024 and 2026, providing a more stable income stream against trading volatility.

Additionally, Coinbase recently announced that it secured registration with the Financial Intelligence Unit (FIU), enabling its return to the Indian market. The company confirmed this milestone in a blog post earlier this month.

As institutional adoption of crypto accelerates and regulatory certainty improves, Bernstein sees Coinbase as a major beneficiary, reinforcing its positive outlook on the stock.

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