How Analyst Optimism and Base Protocol Hype at Communacopia Could Influence Coinbase (COIN) Investors

• Coinbase Global, Inc. recently participated in the Goldman Sachs Communacopia + Technology Conference 2025 at the Palace Hotel in San Francisco, featuring Chief Financial Officer Alesia Jeanne Haas and CEO Brian Armstrong as speakers.
• This event highlighted not only analyst optimism driven by strong earnings projections, but also market excitement around potential new developments related to the Base protocol on Ethereum.
• We'll explore how anticipation surrounding a possible Base native token launch could reshape Coinbase's investment narrative and outlook.

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Coinbase Global Investment Narrative Recap

For investors considering Coinbase Global, the core belief centers on crypto's evolution into mainstream finance and Coinbase’s capacity to lead as the primary onramp for both retail and institutional users. The recent Goldman Sachs Communacopia + Technology Conference provided a platform for management to reinforce this vision, but did not fundamentally change the short-term catalyst, the anticipation around a potential Base native token launch. However, it also did not eliminate ongoing concerns about declining spot trading volume, which remains the most significant risk for near-term revenue and earnings. Of the latest company developments, Coinbase’s expanding partnership with JPMorgan stands out as particularly relevant. The new direct bank-to-wallet connection for Chase customers and reward points integration not only strengthens Coinbase’s institutional positioning, but also supports the catalyst thesis that new product offerings and ecosystem integrations could potentially unlock additional user growth and revenue streams across both retail and institutional segments. Yet, in contrast, investors should also remain alert to how falling trading volumes could quietly affect…

Read the full narrative on Coinbase Global (it's free!)

Coinbase Global's narrative projects $8.5 billion in revenue and $2.1 billion in earnings by 2028. This requires 8.3% yearly revenue growth and a $0.8 billion decrease in earnings from $2.9 billion today.

Uncover how Coinbase Global's forecasts yield a $366.54 fair value, a 12% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members have offered 31 fair value estimates for Coinbase, ranging from US$137.60 to US$510. Amid this wide spectrum, your view of Coinbase’s growth prospects and the outcome of trading volume trends could shape which side of this spread resonates, and why engaging with diverse opinions can help inform your next move.

Explore 31 other fair value estimates on Coinbase Global - why the stock might be worth as much as 56% more than the current price!

Build Your Own Coinbase Global Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Coinbase Global research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.
• Our free Coinbase Global research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Coinbase Global's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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