TechFlow news, January 5th, according to CoinDesk, Goldman Sachs' analyst team holds a "selectively constructive" attitude towards the cryptocurrency market in 2026, upgrading Coinbase (COIN) from "neutral" to "buy," raising the target price from $294 to $303, implying over 30% upside potential. Simultaneously, they downgraded eToro (ETOR) from "buy" to "neutral," lowering the target price from $48 to $39.
Analysts believe that Coinbase, leveraging its scale and brand advantages, will drive revenue growth above its peers, with an expected compound annual growth rate of 12% by 2027, compared to just 8% for its peers. Additionally, Coinbase's recent product launches in brokerage, banking, wealth management, and tokenization have enhanced its competitiveness. Its subscription and service businesses now account for approximately 40% of revenue, expected to grow steadily and reduce earnings volatility as cryptocurrency use cases expand.
