Coinbase (COIN) Stock on December 3, 2025: Big-Bank Pilots, Bitcoin Rebound and a 90% Upside Call Collide
Coinbase shares rose about 4–5% to $275–276 midday Wednesday after Bitcoin rebounded above $92,000 and Vanguard enabled client access to Bitcoin ETFs. CEO Brian Armstrong said major banks are piloting stablecoin and custody projects with Coinbase. Argus downgraded COIN on valuation, while Bernstein kept a $510 target. Technical models warn of volatility despite bullish sentiment.