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Coinbase faces Bitcoin trading slump but eyes growth in stablecoins and services with a $213 price target.

Market News
17 Sep 2026
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Neutral
Coinbase faces Bitcoin trading slump but eyes growth in stablecoins and services with a $213 price target.

Coinbase reported a tough Q2 2026 with revenue down 18.5% due to a 25% drop in crypto spot trading volume amid low Bitcoin prices. Despite this, the company is shifting focus to stablecoins, derivatives, and subscription services, which now make up nearly half its revenue. Management highlights the growth potential in stablecoins and prediction markets, aiming to build a diversified business less reliant on Bitcoin's price. Analysts set a 12-month price target of $212.94, suggesting a 23.7% upside if Coinbase successfully executes this strategy, though risks remain if Bitcoin prices fall further.

Coinbase Global, Inc. has a market cap of $43.40 billion and an enterprise value of $41.05 billion as of Sep 17, 2026 18:42 WIB. On Pluang, COIN trades at $167.01 with a 1-day gain of 1.52%, while order activity is nearly balanced with 53% Buy and 47% Sell. This trading activity occurs as Coinbase shifts its revenue focus away from Bitcoin spot trading to stablecoins and subscription services, aiming for more diversified income streams.

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