Bernstein rates Coinbase “outperform” and sets price target at $310

Odaily News Critics are concerned about Coinbase's growing competition and fee pressures, but Bernstein has a different view, giving Coinbase an "outperform" rating and a $310 price target on its stock.
Analysts pointed out that Coinbase is the largest cryptocurrency exchange in the United States, with a market share of about 66%, assets of more than $400 billion, and about 10 million active users. The Trump administration hopes to build the United States into the "world's cryptocurrency capital", including the establishment of a strategic reserve of Bitcoin, the adoption of digital assets by banks, and the regulation of stablecoins and market structures. Coinbase remains the dominant platform. (The Block)