Coinbase Stock News: Bernstein Lowers Price Target From $330 to $250!
Coinbase Stock News turned cautious on Monday. Bernstein cut its Coinbase price target to $250 from $330.
The firm still rates the stock Outperform. Its view: prediction markets and derivatives will matter more than spot trading.
Crypto news today asks if that holds, two days before Coinbase reports Q3 results.
Key Takeaways
Bernstein cut its Coinbase target to $250 from $330. It lowered its 2026 revenue-forecast by about 32% to $5.5 billion and now expects a $2.60 loss per share.
It expects prediction markets and derivatives to bring Coinbase about $2 billion by 2028. Robinhood's prediction market revenue could pass its crypto revenue that year.
Circle's target rose to $145 from $140. All figures are analyst estimates reported by The Block, not company guidance.
What Did the Block Report About Bernstein’s Crypto Stock Forecast?
Bernstein cut its estimate of Coinbase's price down from $330 to $250 and lifted Circle's estimate from $140 to $145, the Block reported.
Source: The Block (@TheBlockCo) on X, captured October 27, 2026
The firm thinks prediction markets and tokenization will be a bigger part of the crypto stock growth as spot trading weakens.
They also believes that the prediction-market revenue will surpass that of the crypto business by 2028. These are forecasts, not actual or expected company results or guidance.
Why Did Bernstein Lower Its Coinbase Price Target from $330 to $250?
The new Coinbase stock price target is $250. They pointed to lower crypto volumes and a stalled rebound.
Its Coinbase revenue forecast for 2026 fell about 32% to $5.5 billion. The firm now expects a loss of $2.60 per share. It had a $5.97 profit before.
The analysts no longer assume crypto prices will rise.
For the third quarter, Bernstein expects spot trading to stay flat near $150 billion. Stablecoin revenue is the main growth driver. COIN traded just above $162 on Monday, down more than 31% this year.
What Does Bernstein Expect from Prediction Markets at Coinbase?
Bernstein expects prediction markets and derivatives to bring Coinbase about $2 billion by 2028.
The report says that is up from around $600 million earlier this year. That is more than three times as much.
It is still an estimate. It depends on user growth, trading, and rules. None is settled. The Coinbase market outlook now leans on young products. This Bernstein-Coinbase forecast is a projection, not a result.
Could Prediction Markets Drive Crypto Stock Growth?
This Coinbase stock news is part of a wider shift. Robinhood is the clearest case. They sees its prediction-market revenue at $1.7 billion by 2028.
Crypto trading at Robinhood and Bitstamp should rise to about $50 billion. That is still 38% below last year's third quarter.
Bernstein kept its $160 target on HOOD. The stock traded at $93.37 on Monday.
What Does Bernstein Expect for Circle and Tokenization?
Circle is the only one of the three crypto stocks up this year. It is up about 1.5%, near $80.50. Bernstein-raised its target to $145 from $140.
It cited Arc token presales and reserve yields. The Circle revenue forecast for the third quarter is $770 million, a slight rise.
Reserve income should fall. USDC supply dropped to about $73 billion from $77 billion in the second quarter. Arc could add fees and staking-revenue.
The Block's update names tokenization as a growth theme. Its coverage gives no Coinbase-revenue number for crypto asset tokenization. For now, crypto tokenization is a theme, not a number.
Conclusion
Bernstein’s latest forecast shifts attention from spot trading to prediction markets, derivatives, and tokenization. While Coinbase’s price target fell to $250, the firm still rates it outperforming. Coinbase Stock News will remain in focus as the October 29 results test these estimates, but future revenue growth remains uncertain.
YMYL Disclaimer
This article is for information only and is not financial or investment advice. Analyst targets are opinions and may not come true. Stocks and crypto carry a risk of loss. Check figures with official filings before making financial decisions.
