Bank of America Asserts Buy Rating on Coinbase Global Inc. (COIN) Buoyed by Growth Opportunities

Coinbase Global Inc. (NASDAQ:COIN) is one of the best cryptocurrency and blockchain stocks to buy now. On January 8, analysts at Bank of America reiterated a Buy rating on the stock. According to the investment bank, the stock is well-positioned for 2026 owing to product expansion, strategic pivots, and a lower valuation.

According to research analyst Craig Siegenthaler, product velocity acceleration at the back of the stock pullback in the second half of last year could prove to be a turning point. Coinbase is expanding its footprint into stocks, ETFs, and prediction markets as it seeks to be an everything exchange in pursuit of growth opportunities. The expansion will enhance the company’s addressable market while also unlocking new cross-selling opportunities.

In addition, Bank of America expects the company’s layer 2 network built on Ethereum to further expand the company’s footprint in infrastructure. A launch of a native token is expected to raise billions in cash while incentivizing early adopters.

Meanwhile, Raymond James maintains a cautious outlook on Coinbase’s long-term earnings potential. The research firm has reiterated a Market Perform rating on the stock ahead of fourth-quarter 2025 results, slated for February 25. The firm remains wary of the company’s revenue and EBITDA momentum amid heightened volatility in the cryptocurrency market.

Coinbase Global Inc. (NASDAQ:COIN) is a leading cryptocurrency platform that enables individuals and institutions to easily buy, sell, trade, store, and use digital assets such as Bitcoin and Ethereum. It acts as a bridge to the crypto economy, providing services for consumers, institutions, and developers.

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Disclosure: None. This article is originally published at Insider Monkey.