Goldman Sachs upgrades Coinbase rating to "Buy" and downgrades eToro to "Neutral"

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Deep Tide TechFlow News, January 05, According to CoinDesk, Goldman Sachs analyst team holds a “selectively constructive” attitude towards the cryptocurrency market in 2026, upgrading Coinbase(COIN) from “Neutral” to “Buy,” with a target price raised from $294 to $303, implying over 30% upside potential. Meanwhile, they downgraded eToro(ETOR) from “Buy” to “Neutral,” with a target price lowered from $48 to $39.

Analysts believe that Coinbase’s scale and brand advantage will drive higher-than-peer revenue growth, with an expected compound annual growth rate (CAGR) of 12% by 2027, compared to only 8% for peers. Additionally, recent product launches in brokerage, banking, wealth management, and tokenization have enhanced its competitiveness. Its subscription and services business now accounts for about 40% of revenue, with stable growth expected and reduced profit volatility as crypto use cases expand.

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