Top analyst cuts Coinbase target, bets on prediction markets

Oct 28, 2026 1:49 PMPublished Oct 28, 2026 1:49 PM

Bitcoin is now one of the worst-performing major assets, sitting 36% below its record highs. The bullish case for crypto stocks has officially decoupled from coin prices; we no longer need Bitcoin to go up for these companies to succeed. With Coinbase projected to swing to a massive loss and prediction markets set to outpace actual crypto trading, the "store of value" narrative is dying. Is crypto's future just a glorified gambling hub for event contracts? What's your take?
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The broker cut its Coinbase target by nearly a quarter but sees event contracts and tokenization driving the next phase of growth for crypto stocks.

www.thestreet.comTop analyst cuts Coinbase target, bets on prediction marketsThe broker cut its Coinbase target by nearly a quarter but sees event contracts and tokenization driving the next phase of growth for crypto stocks.

Earnings •Robinhood •Coinbase •Bernstein

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