Analyst revamps Coinbase on Bitcoin outlook

Coinbase’s internal growth doesn't matter; the stock is purely a proxy for Bitcoin’s price action. We are currently in the final stage of a bear market, with Bitcoin already down 54% from its October 2025 cycle high after three massive capitulation waves. While some call this the end of "de-risking," trading volumes are still cratering and the "Buy" case relies entirely on a future liquidity recovery. Is Coinbase a massive opportunity right now, or is the worst yet to come?
This summary was generated by AI