Goldman Sachs raises Coinbase target to $196; Canaccord lifts Strategy target to $175

Goldman Sachs raised its price target for Coinbase (COIN) to $196 from $173 while maintaining a buy rating, citing improving digital-asset market conditions and growth in derivatives and prediction markets. The bank’s outlook reflects Coinbase’s expansion beyond spot trading into businesses that could diversify revenue, although regulatory scrutiny and crypto-market volatility remain risks. Canaccord also maintained its buy rating on Strategy (MSTR) and raised its price target to $175 from $130, saying investment conditions for the company had improved significantly in recent weeks.

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