Coinbase Shares Could Gain 106%, Says Wall Street Pro

Shares of Coinbase (NASDAQ:COIN | COIN Price Prediction) have been moving steadily lower in recent months, now down close to 50% from its all-time peak in July 2025, thanks in part to the retreat in Bitcoin (CRYPTO:BTC) and the broader crypto markets. Undoubtedly, the previous momentum behind crypto seems to have shifted to the precious metal markets, with gold and silver continuing their record run in the first few weeks of 2026.

While time will tell if the momentum will shift back to Bitcoin and the crypto stocks, I do think that it’s times like these, when investors are more than willing to sell their crypto and crypto-related assets, that it tends to be a fairly decent time to get a good deal. Even if there’s still more pain ahead for the crypto trade, buying at times of pessimism can offer more bang for the buck for those who still believe in the asset. 

In the meantime, geopolitical fears are escalating, and real gold, as opposed to digital gold, seems to be the hotter asset to own. Add the broader market’s growing distaste for riskier, more speculative securities, and it should be no mystery as to why Bitcoin is experiencing a bit more turbulence. Of course, there’s also the longer-term fear as to what quantum computing could do to crypto once it comes into its own.

Bitcoin’s slump has weighed heavily on Coinbase shares

Could it be that the quantum uncertainty makes Bitcoin less investable than in the past? Though nobody knows when quantum computing tech could “undermine the viability” of the tech underneath the hood of Bitcoin, as BlackRock (NYSE:BLK) suggested, I do think it’s a risk that crypto investors should keep in mind, especially in times when demand could underwhelm. In any case, Coinbase stands out as a crypto stock that might be worth picking up while investors are hitting that panic button.

Of course, it’s difficult to gauge the full extent of longer-term risks (think quantum), but I do think that Coinbase is very well positioned to adapt. The company reportedly launched a high-level advisory board to evaluate and prepare for the potential quantum risks.

In my view, such a move proves that the firm is not going to stay complacent in the face of such risks. Also, since it’s still early on, Coinbase has a lot it can do to pivot and prepare. Arguably, it’s far better to be in the know sooner rather than later, especially given the stakes. For now, quantum isn’t an imminent threat, but concerns could grow louder over time, especially if further major advances are made such that we might find ourselves further along in that quantum timeline.

This Coinbase bull thinks the company is “misunderstood” by investors

In the meantime, there are some big Coinbase bulls out there that might be worth listening to after the stock’s nearly 50% haircut. Notably, Bernstein is sticking with its $440.00 price target, and it’s not the only big firm that envisions shares rebounding above $400.00 in the year ahead.

Such a target implies a whopping 106% gain from current levels. Gautam Chhugani, the Bernstein analyst behind the call, believes the firm is entering a supercycle for “tokenization.” He’s right. Coinbase is misunderstood, and its biggest growth opportunities (think prediction markets and asset tokenization) might be heavily discounted amid the latest slump in crypto.

Indeed, Coinbase is expanding its ecosystem well beyond crypto, and that could be key to adapting and diversifying in an age where Bitcoin and cryptography could be severely impacted by the rise of quantum computing. Perhaps Coinbase ought to change its name if it is becoming a platform for trading all sorts of assets. In the meantime, investors should watch Bitcoin closely, as prices cool amid investors’ rush to risk-off assets.