What Happened?
Shares of blockchain infrastructure company Coinbase (NASDAQ: COIN) jumped 3.7% in the afternoon session after Wall Street brokerage Bernstein suggested the stock could rise 90%, while the company also launched a new "instant unstaking" feature. The bullish analyst note was part of a "Moderate Buy" consensus rating among Wall Street analysts. Adding to the positive sentiment, Coinbase's new feature allowed users to unstake their crypto assets immediately for a 1% fee, bypassing traditional wait times. The move was also supported by a rebound in the wider crypto market, as Bitcoin's price recovered sharply from an overnight low. This recovery helped lift other crypto-linked stocks, signaling renewed market optimism in digital assets.
The shares closed the day at $263.18, up 1.3% from previous close.
Is now the time to buy Coinbase? Access our full analysis report here.
What Is The Market Telling Us
Coinbase’s shares are extremely volatile and have had 53 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 1 day ago when the stock dropped 5.8% on the news that a broad sell-off in the cryptocurrency market, driven by a sharp drop in the price of Bitcoin, weighed on crypto-related stocks. The downturn reflected a wider “risk-off” mood among investors, who moved to shed riskier assets amid macroeconomic uncertainty. Bitcoin, the largest cryptocurrency, fell more than 5%, dropping below $86,000 and triggering liquidations worth hundreds of millions of dollars across the market. Other major digital currencies like Ethereum also experienced significant declines. This negative sentiment was linked to uncertainty over future interest rate decisions by the Federal Reserve. As a major cryptocurrency trading platform, Coinbase's stock price moved in tandem with the broader digital asset market, making it one of the notable decliners for the session.
Coinbase is up 2.3% since the beginning of the year, but at $263.14 per share, it is still trading 37.3% below its 52-week high of $419.78 from July 2025. Investors who bought $1,000 worth of Coinbase’s shares at the IPO in April 2021 would now be looking at an investment worth $801.58.
While Wall Street chases Nvidia at all-time highs, an under-the-radar semiconductor supplier is dominating a critical AI component these giants can’t build without. Click here to access our full research report.
