Coinbase stock slips after hours as bitcoin drops; Goldman’s $303 target still in play
New York, January 7, 2026, 18:07 EST — After-hours Coinbase Global shares slid 1.8% to $245.93 in after-hours trading on Wednesday, after ranging between $240.35 and $251.62. Bitcoin was down 2.6% at about $90,996. Why this matters now: Coinbase often trades as a proxy for risk appetite in crypto, and bitcoin’s pullback has come alongside broader jitters in growth stocks. A softer tape can mean lower trading activity, which feeds straight into exchange revenue. Barron’s Goldman Sachs recently upgraded Coinbase to “buy” and lifted its price target to $303 from $294, arguing the company is shifting toward steadier “infrastructure” revenues