19.07.2025 06:08

Coinbase Global, Inc. (COIN) stock reached a new all-time high on Friday, surpassing its previous peak set during its initial public offering (IPO) in April 2021. This marks a significant milestone for the cryptocurrency exchange, whose shares climbed to $433 earlier in the day, boosting its market capitalization to nearly $110 billion. The achievement is particularly noteworthy given the tumultuous journey COIN has endured since its IPO.


Following the market crash triggered by the FTX collapse in late 2022, Coinbase stock plummeted to a low of $31. However, a remarkable resurgence has occurred in 2025, fueled by positive regulatory developments and the company's inclusion in the S&P 500 index. This upward trajectory reflects a renewed investor confidence in Coinbase's prospects.


This positive sentiment is echoed by several financial analysts. Bernstein, for example, recently increased its price target for COIN to $510, anticipating further growth driven by favorable legislative action in the U.S. and other supportive factors. Oppenheimer and other firms share this optimistic outlook, further solidifying the bullish sentiment surrounding the stock.


The achievement has also drawn praise from within the cryptocurrency community. Crypto researcher Aylo lauded Coinbase CEO Brian Armstrong, describing him as a "generational founder" in light of the company's recent success and longevity in a volatile market. Aylo's comment highlighted Coinbase's resilience and Armstrong's leadership, contrasting the company's achievements with the numerous crypto firms that have failed since 2012. This positive assessment underscores the impressive feat Coinbase has accomplished.