Coinbase Stock (COIN) Jumps 16% After Bank of America Buy Upgrade

Key Insights:

• Coinbase (COIN) stock ended Thursday with a gain of around 17%.
• The jump came after Bank of America upgraded the stock to buy.
• In essence, companies that make money across different parts of the crypto market could have an advantage as the industry matures.

Coinbase stock surged 16% on Monday over the past 5 days after Bank of America upgraded the stock from neutral to buy, highlighting growing confidence in the company’s diversification strategy and its long-term positioning in the digital asset ecosystem.

The upgrade came shortly after Goldman Sachs issued its own buy rating on Monday, which had already pushed COIN shares up about 8% in the previous 24 hours.

Together, the two back-to-back upgrades reflect a shift in sentiment among major investment banks. Analysts are increasingly viewing Coinbase not just as a crypto trading platform, but as a strategically diversified player poised for more stable, long-term growth.

Coinbase (COIN) Stock Jumps 16% After Bank of America Upgrade

Coinbase stock (COIN) ended Thursday with a five-day gain of 16.96%, trading at $247.54 over the last 5 days. The jump came after Bank of America upgraded the stock to buy.

The bank pointed to Coinbase’s growing product lineup, strategic moves, and a more attractive valuation as reasons for the upgrade.

Bank of America noted that Coinbase (COIN) stock is still about 40% below its July highs. But the exchange is picking up pace in the second half of the year.

Experts attributed the exchange stock’s growth to the push into stocks, ETFs, and prediction markets. They also pointed to the Base layer-2 network and Coinbase Tokenize, which could help the company expand into real-world asset tokenization.

The bank sees Coinbase as a strong player heading into 2026. In essence, companies that make money across different parts of the crypto market could have an advantage as the industry matures.

CEO Brian Armstrong has been clear about this strategy. He described Coinbase as aiming to be an “everything exchange.”Coinbase plans to focus on stablecoins, expand its exchange offerings, and keep building its Ethereum layer-2 network, Base, in 2026

The company is already taking steps in this direction. Earlier this year, it added prediction markets through a partnership with Kalshi. The goal is to tap into one of the fastest-growing areas in crypto for 2024.

Goldman Sachs’s Coinbase Outlook

Goldman Sachs’ outlook goes beyond Coinbase stock (COIN). The bank’s analyst, James Yaro, said the bank expects crypto adoption to expand in 2026, driven by more participation from both retail and institutional investors.

He highlighted U.S. regulatory developments as a potential catalyst, especially efforts to create clearer rules for the market.

Yaro’s base case assumes that regulatory reforms will encourage wider use of crypto, beyond simple trading, particularly among institutions. At the same time, he warned that delays in passing key legislation, including a draft crypto market structure bill in Congress, could slow the sector’s growth.

TipRanks shows Yaro has a 62% success rate on stock ratings and an average annual return of nearly 16%. That track record makes his positive view on Coinbase (COIN) and the crypto market more convincing.

At the same time, Coinbase launched Coinbase Business in Singapore. This is the first time the U.S. exchange has rolled out the platform for companies outside the country.

The move gives local startups and small businesses access to instant USDC payments, global transfers, automated accounting tools, and a full suite of features for managing digital assets every day.

The launch builds on Coinbase’s collaboration with the Monetary Authority of Singapore through the BLOOM Initiative, which aims to improve compliant cross-border digital payments.

The platform supports USDC-based global payouts, lower-cost international transactions, and an API for automating payroll and vendor management. Real-time SGD banking rails via Standard Chartered back all of this, making cross-border business operations smoother and faster.