Bank of America Upgrades Coinbase to Buy with $340 Price Target, Signaling Growth Potential
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Rating Upgrade: Bank of America upgraded Coinbase from Neutral to Buy with a $340 price target, indicating a potential 35% upside, which reflects strong institutional confidence in the company's growth prospects in the cryptocurrency market.
- Revenue Diversification: Coinbase has reduced its trading revenue share from over 80% to 55%, enhancing revenue stability through new business models like ETF custody and the Base network, thereby mitigating market volatility risks.
- Infrastructure Development: The Base network processes over 2 million daily transactions and supports more than 500 decentralized applications, improving user experience and lowering transaction costs, which expands Coinbase's market share and user retention.
- Tokenization Prospects: The Coinbase Tokenize platform could tap into a $16 trillion market by 2030, creating multiple revenue opportunities and further solidifying Coinbase's strategic position at the intersection of traditional finance and blockchain technology.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
