Benchmark Sets $252 Price Target for Coinbase as Regulatory Clarity Nears
Investment firm Benchmark has initiated coverage on Coinbase (COIN), assigning a $252 price target and signaling a bullish outlook amid shifting U.S. regulatory winds.
The target represents a 33% upside from current levels, based on a 21x multiple of projected 2026 EPS, according to a research note released Wednesday.
Mark Palmer, Benchmark’s Senior Research Analyst for Fintech and Digital Assets, sees potential regulatory clarity and renewed legislative activity as catalysts for Coinbase’s next growth phase.
“Coinbase stands as the dominant U.S.-based crypto exchange,” Palmer wrote, citing its 66% domestic market share, $404 billion in assets, and a diverse offering of over 250 tradable digital assets for both retail and institutional users.
The report highlights how Coinbase stock was nearly halved earlier this year, as initial enthusiasm from Trump-era crypto support waned due to tariff concerns and regulatory delays. But Benchmark now believes the tide is turning.
With new crypto legislation potentially in sight, Palmer argues that Coinbase is well positioned to thrive — and investors should consider getting ahead of the curve.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
