Coinbase Slapped With Underweight Rating at Barclays: Is Crypto’s Favorite Stock Heading to $140?

Coinbase Global (NASDAQ:COIN) banal received an Underweight standing from Barclays connected Wednesday arsenic the steadfast initiated sum with a $140 terms target. That fig sits good beneath the stock's existent level existent terms of $181, making this 1 of the much bearish calls connected Wall Street. For semipermanent investors, it's a awesome worthy taking seriously.

Coinbase banal has had a unsmooth year. Shares are down 20% year-to-date, sliding from $226.14 astatine the commencement of the twelvemonth to existent levels. That diminution tracks intimately with Bitcoin (CRYPTO:BTC), underscoring however tightly Coinbase's fortunes are tied to broader crypto marketplace sentiment.

Barclays' bearish thesis centers connected competitory and structural headwinds. Fee compression is simply a existent concern: Morgan Stanley is launching its Bitcoin Trust (MSBT) with a 0.14% yearly fee, undercutting rivals and squeezing exchange-based trading margins. Institutional superior progressively flows straight into asset-specific ETFs, bypassing platforms similar Coinbase.

Read: I Review Investing Platforms for a Living, And SoFi Crypto Finally Changed My Mind

I’ve spent years reviewing investing platforms crossed stocks, options, ETFs, and present crypto. Most crypto platforms autumn into 1 of 2 categories: fast-moving exchanges with regulatory uncertainty, oregon accepted fiscal firms that dainty crypto similar an afterthought. SoFi Crypto is 1 of the precise fewer platforms that breaks that mold.

The stablecoin scenery adds pressure. Stablecoin transaction volumes deed $33 trillion successful 2025, surpassing Visa and Mastercard combined, with B2B payments migrating to nonstop colony rails. That displacement reduces the transaction measurement dependency that drives a important information of Coinbase's revenue.