A new analyst forecast sees Coinbase stock climbing nearly 80% from where it trades today. The call lands in a year that's been anything but smooth for the exchange, which has struggled with a volatile crypto market.
Why the call is bullish
The analyst behind the forecast isn't betting on a crypto bull run. Instead, they're pointing to Coinbase's growing stablecoin and subscription businesses. Those revenue streams could hold up better when trading volume dries up, which means less of the whiplash that has kept the stock on a wild ride.
A choppy 2026
It's been a rough stretch. Coinbase's share price has seesawed through the year as crypto prices swung sharply. The company's core exchange business still rides on trading volumes, and those have been anything but consistent. That volatility has made it hard for investors to get a firm read on the company's earnings.
Stablecoin and subscriptions as a cushion
Stablecoin revenue is a different beast. It's recurring and less dependent on daily trading. Subscription services—things like custody and other paid products—are similar. The analyst says this mix could soften the impact of crypto downturns and give Coinbase a steadier financial base.
Valuation lift
If that diversification works, it could push Coinbase's valuation higher. The bull case is that the market will eventually reward a company that doesn't need the next bull run to grow. That's the bet behind the 80% target—not a spike in Bitcoin, but a business that can grow on its own.
The analyst's prediction is just that, and a lot depends on how Coinbase's newer lines actually perform. But the thesis is clear: stablecoin and subscriptions could be the stabilizers Coinbase needs.
