BofA Upgrades Coinbase to Buy, Targeting $340 Amid Market Recovery
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Rating Upgrade: Bank of America has upgraded Coinbase from 'neutral' to 'buy', citing its leading role in bringing the financial system on-chain and projecting a 38% price increase to $340, reflecting strong confidence in its future growth potential.
- Market Expansion: Coinbase is expanding from trading to tokenizing real-world assets, including stocks and ETFs, which not only diversifies its product offerings but also provides more cross-selling opportunities for future users, driving the company towards a 'new financial system'.
- Volatility Analysis: Despite a 5.6% decline in Coinbase's stock price over the past 12 months to $245.6, the stock has traded as high as $419.8 within the year, resulting in a 176.6% volatility range, indicating high market uncertainty regarding cryptocurrencies.
- Potential Catalysts: BofA noted that Coinbase's potential launch of a token for its Ethereum layer-2 network, Base, could raise billions and incentivize developers and early adopters to build more decentralized finance applications, further solidifying its market leadership.
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.
