Crypto Exchange Coinbase (Coin) is faced with a lower perspective, because the uncertainties introduced by the pricing threats on President Donald Trump’s prices threw a shadow on the activity of retail cryptography, the Oppenheimer analysts wrote in a report.
The investment bank has reduced its volume of negotiation volume in annual year to 19% to 1.3 billion of dollars and its estimate of the first quarter to $ 380 billion, down 13% compared to the previous quarter, the appetite for the risk decreased.
Despite a generally more favorable tone of Washington – with Pro -Crypto Signals from the White House, Congress and Regulators – analysts declared that the market had not fully adopted the change.
“Since the elections, we have seen the most pro-Crypto president, the administration, the congress, the regulators, the decrees and the statements of the secure, which aim to point out to the world that the United States is open to blockchain companies to attract capital, projects and talents,” wrote analyst Owen Lau. “During the process that the public can believe in such a day and night decision, it is regrettable to see that Trump’s rates again led to the concern of the bear market, the fear of recession and the withdrawal of retail”, “
Coinbase stock has dropped by 30% this year, underperforming Bitcoin (BTC) and the S&P 500, which are down 10% and 8%, respectively. While these figures mark an improvement compared to the slowdown of 2022 – when the part fell by 86% – they always highlight the sensitivity of the platform to wider macro signals.
Oppenheimer also lowered his forecasts from 2025 and 2026 for income and profits and reduced his share target to shares to $ 279, against $ 388, claiming that participation in retail can remain lower during the uncertainty of the policy. He has an outperformance note on shares, which dropped 1.2% to $ 173.39 on Wednesday.
An advantage: market share. Coinbase represented 69% of us, an crypto trading volume in February, gaining ground against competitors like Robinhood (Hood). Maintaining this track will depend on whether the market can shake the price tremors and take back the momentum.
Oppenheimer said that despite short -term obstacles, it remains optimistic about the long -term potential of Coinbase.
“As a leader targeted in crypto with an optional in the use of tokenization and payments, we think that Coin can order a bonus. In our opinion, Coin is a solid stock of rebound if / when pricing tensions are defused,” wrote Lau.
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