Goldman Sachs Raises Coinbase Target Price to $196 Following 28% Five-Day Rally

Goldman Sachs has raised its target price for Coinbase from $173 to $196, following a 28% rally in the stock over five days. Analyst James Yaro maintains a 'Buy' rating, citing structural growth in brokerage and prediction markets, as well as potential upside in crypto trading and cost control. The move comes as Bitcoin briefly reclaimed $80,000. Market sentiment remains divided, with some analysts viewing target price adjustments as reactive to price action rather than fundamental shifts. While Coinbase faces challenges from fluctuating spot trading volume