Bank of America Predicts Coinbase's COIN Could Surge 40% to $340

Coinbase's stock, known by its ticker COIN, is being considered significantly undervalued at its current price of $245, according to Bank of America (BofA). Following the crypto market downturn in late 2025, stocks such as COIN saw a substantial drop, plunging nearly 50% to a low of $225 from a previous high of $444.

Key Takeaways

Bank of America believes Coinbase's COIN stock is undervalued at $245 and predicts it could rise to $340.
There’s a growing interest from analysts, including a notable buy rating from Bernstein suggesting a 72% potential upside.
Product expansions and regulatory changes are pivotal factors contributing to the bullish outlook on COIN and the overall crypto market.

Coinbase COIN

Coinbase COIN

Source: COIN, TradingView

Despite the current subdued price levels, BofA sees a promising buying opportunity, projecting a potential 40% increase, targeting a price of $340.

Bullish Factors Behind BofA’s Outlook for COIN

This positive rating from BofA marks the second buying recommendation for COIN this week, following Bernstein analysts who suggested a staggering 72% potential increase, aiming for a price of $440.

BofA analyst Jason Kupferberg upgraded COIN from “neutral” to “buy,” driven by the platform’s ambitious goal of becoming an ‘everything exchange’ through its recent product launches.

He stated, “Although the stock is down 40% from its peak in July, behind the scenes during the Q4 2025 crypto correction, the company's product developments and total addressable market (TAM) have both seen growth.”

According to the analyst, new offerings like prediction markets and stock/ETF trading are beneficial for the stock's performance. Kupferberg further emphasized the importance of Base’s monetization strategy and the introduction of Coinbase Tokenize as significant steps that could position the exchange favorably in the ongoing tokenization trend.

“The world is just beginning to embrace crypto, and we believe Coinbase, with its top market share in the U.S., is the ideal partner for traditional finance (TradFi).”

Coinbase COIN

Source: X

The pro-crypto stance from the Donald Trump administration might also support a rally for COIN. However, Kupferberg warned that the expansion of Binance US and further corrections in the market could temper this optimistic outlook.

In total, 20 analysts from Wall Street have issued a buy rating for COIN, including those from BofA and Bernstein.

Coinbase COIN

Source: MarketBeat

The Impact of the Tokenization Trend

Many analysts see the rise of tokenization as a crucial driver of growth for the crypto industry in 2026. Regulatory bodies such as the SEC are pushing to migrate much of the U.S. capital markets onto blockchain technology.

By 2025, tokenized stocks and ETFs gained considerable momentum and became a “strategic priority” for Coinbase and other leading U.S. exchanges.

To explain, tokenized stocks or ETFs are blockchain-based versions of traditional equities or funds, available for global access. While currently valued at about $1 billion, this market is likely to expand significantly once a clear regulatory framework is established within the year.

Conclusion

This article underscores the optimistic projections surrounding Coinbase's stock as well as the broader implications of the tokenization trend in the cryptocurrency space.