Bernstein gives Coinbase a ‘Buy’ rating as Trump administration endorses blockchain technology.
Bernstein Sets $310 Target for Coinbase Stock
Brian Armstrong, CEO of Coinbase, praised President Trump’s approach, stating that it realigned focus on crypto growth. Analysts predict major shifts in trading platforms. Coinbase’s shares closed at $188.96 on March 18, 2025, as Bernstein set a $310 target.
President Trump’s new executive order, “Strengthening American Leadership in Digital Financial Technology”, establishes a Strategic Bitcoin Reserve, aiming to build a U.S. Digital Asset Stockpile. Legislation promoting stablecoins is also expected soon.
Trump’s Executive Order Boosts Crypto Industry
The immediate effect saw Coinbase’s stock outlook improve, as Bernstein forecast a 64% increase. The crypto industry anticipates growth but voices concern over potential favoritism and market impacts.
Financial implications include the establishment of a Strategic Bitcoin Reserve. This indicates market volatility, with analysts predicting a possible $200,000 bitcoin cycle peak.
Shift from Biden Administration’s Crypto Policies
The industry references a shift from Biden’s restrictive crypto policies. Trump’s pro-crypto executive order aligns with strategies to transform the U.S. into a global crypto leader.
Gautam Chhugani of Bernstein remarked on Trump’s policies as beneficial for Coinbase’s continued dominance:
With the Trump administration’s aspiration to make America the ‘crypto capital of the world,’ Coinbase remains the dominant platform to ride the tailwinds.
Experts suggest bitcoin could navigate a prolonged bull cycle into 2026.
