Bank of America upgrades Coinbase to buy, projects 38% upside to $340 in 2026 outlook

Bank of America has lifted Coinbase shares to a buy rating, pointing to easing tax-loss selling, reversing short interest and the exchange’s push to bring traditional finance onchain. The bank estimates COIN could climb about 38% from current levels to $340, while shares have swung between $151.8 and $419.8 over the last year. Analysts also highlight a potential Base network token and crypto-friendly policy under President Donald Trump as additional catalysts, though competition and market corrections remain risks.