Coinbase Stock Forecast as Brian Armstrong Predicts New Dawn for Agentic Commerce

Key Insights

• Coinbase stock price has jumped in the past few days.
• Brian Armstrong is working on agentic commerce, which he believes has not been priced in.
• The company is facing challenges as Schwab gets into the business.

Coinbase stock price has had a good week, helped by the risk-on sentiment in the financial market and as cryptocurrency prices jumped. COIN may continue rising as Brian Armstrong predicts that the company will become a major player in the agentic commerce industry.

Coinbase Stock Rises as Brian Armstrong Makes a Bold Prediction

A potential catalyst for Coinbase stock is its growing stablecoin industry through its partnership with Circle.

The most recent results revealed that the company made $364 million in stablecoin revenue in the fourth quarter and $1.34 billion in the whole of last year.

Now, the company is aiming to win in the next phase of the stablecoin industry, which is widely known as agentic commerce. This is a potentially large business where AI agents can negotiate, compare options, and complete purchases among themselves, often without human input.

In a statement on Thursday, Brian Armstrong, Coinbase’s CEO,  said that agentic commerce was not fully priced in. He expects that the technology will increase demand for a digital dollar beyond analysts’ expectations.

He also believes that the agentic commerce will become much bigger than the current human economy. As such, Coinbase is now building this infrastructure, a move that will lead to higher revenue over time.

Coinbase is set to benefit from this growth because of its partnership with Circle, which enables it to keep the interest generated on the USDC stablecoins on its platform. If this growth becomes real, if will also benefit the Circle stock price, which has jumped in the past few weeks.

The potential growth likely explains why Coinbase has become the biggest opponent to the CLARITY Act without provisions for a stablecoin yield. American banks and credit unions have opposed allowing companies like Coinbase to pay interest on stablecoins on their platforms, arguing that it would lead to capital outflows from their organizations.

Coinbase Facing Headwinds as Competition Rises

Despite the agentic commerce catalyst, Coinbase is facing major headwinds that may keep dragging the stock down.

The most important one is that, despite the ongoing crypto market rally, the company is still expected to generate weak results because of the ongoing crypto winter. Bitcoin remains well below its all-time high of 126,200, while the market capitalization of all coins has fallen by over $1 trillion.

At the same time, competition in the crypto trading industry is rising, a move that will impact its business over time. First came Robinhood, which is now handling billions of dollars in trades, and then came SoFi, which has launched these solutions.

In a major statement this week, Schwab said that it would soon launch these crypto trading services. This is important because Schwab is one of the largest companies in the financial services industry, with millions of users in the US. As such, Coinbase customers may decide to consolidate their finances on the platform.

The biggest challenge for Coinbase in the international market is Hyperliquid, a company that now handles billions of dollars in value in perpetual futures contracts a day.

Coinbase Stock Price Technical Analysis

The daily timeframe chart shows that the COIN stock has been in a strong downward trend this year and is now hovering near its lowest level in months.

On the positive side, it has formed a small double-bottom pattern and found strong support along the ascending trendline that links the lowest levels since 2024.

Therefore, there is still hope that the stock will rebound in the near term, especially if bulls manage to defend the support level. If this happens, it may jump to $300. A drop below that price will point to more downside, potentially to $150.

The post Coinbase Stock Forecast as Brian Armstrong Predicts New Dawn for Agentic Commerce appeared first on The Market Periodical.