Analyst revamps Coinbase on Bitcoin outlook

U.S. Tiger Securities upgraded Coinbase Global (NASDAQ: COIN) stock. 

Coinbase is the largest United States-based cryptocurrency exchange, letting retail and organization users buy, sell, store, and commercialized integer assets similar Bitcoin (BTC) and Ethereum (ETH). 

Beyond speech services, Coinbase operates Base, an Ethereum layer-2 network, and offers staking, custody, and stablecoin infrastructure done USDC. Its gross is intimately tied to crypto trading volumes, making the banal a nonstop proxy for broader marketplace sentiment.

As per expert Bo Pei on July 7, the upgrade is straight related to Bitcoin's price enactment alternatively than Coinbase-specific catalysts. 

The steadfast believes Bitcoin has apt entered the last 4th of the existent bear-market process. 

Related: Popular AI stocks surge arsenic MicroStrategy makes different sale

Analysts foretell Bitcoin terms action 

Bitcoin has experienced a astir 54% drawdown from its October 2025 rhythm high, with materially reset on-chain profitability and astir 3 meaningful realized-loss capitulation waves.

As of property time, Bitcoin was trading at $61,879, arsenic per Decibel.

BTC/USD Decibel

U.S. Tiger Securities was cautious to halt abbreviated of calling a bottom. The steadfast stated it does not telephone the nonstop bottommost but believes the largest portion of the rhythm de-risking is already down the market. 

The analysts viewed the remaining downside arsenic progressively resembling that of a late-bear market. 

Pei wrote that upside belongs to the adjacent rhythm of liquidity recovery, organization allocation, and broader crypto hazard appetite.

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Coinbase ratings stay divided

U.S. Tiger Securities analysts upgraded the banal to Buy from Hold connected July 7, mounting a terms people of $200.

The determination marks a reversal from the firm's Hold stance, which it maintained arsenic precocious arsenic May. 

Not each expert shares that optimism. Baird has reiterated a Neutral standing connected Coinbase, projecting second-quarter gross astir 8% beneath statement connected a 22% sequential driblet successful crypto trading volumes. 

COIN shares were trading 2.38% lower intraday astatine $159.62 at property time, beneath U.S. Tiger Securities' caller target.

Related: Coinbase CEO has one-word effect to sheriffs group's abrupt shift

This communicative was primitively published by TheStreet connected Jul 8, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.