Coinbase Global, Inc. (NASDAQ: COIN) is back in the headlines on December 8, 2025, as its share price hovers around the mid‑$270s while the company re‑opens in India, calls for a December crypto rally, and attracts both bullish and cautious Wall Street forecasts.
As of early afternoon UTC on Monday, Coinbase shares were trading near $273–274, giving the crypto exchange a market capitalization of roughly $73 billion and leaving the stock well below its 52‑week high around $445 but far above its 52‑week low near $143. [1]
Below is a detailed look at the latest price action, today’s biggest news, analyst forecasts, technical picture, and the fundamental and regulatory backdrop that are shaping the COIN stock story right now.
Coinbase Stock Price Today: Volatile but Holding Key Levels
Coinbase has spent early December trading in a wide band roughly between $260 and $285 per share. Historical data show that after closing at $259.84 on December 1, the stock rebounded back above $270, with today’s trades clustering around $273–274, up about 1.4% from Friday’s close near $269.73. [2]
Recent moves have tracked swings in the broader crypto market:
- A sharp sell‑off in late November and early December saw Bitcoin fall more than 5% below $86,000, pulling crypto‑linked equities like Coinbase down by roughly 5–6% in a single session. [3]
- A subsequent rebound in Bitcoin and other major tokens has helped COIN recover from those lows, though the share price remains more than 35% below its July peak around $444 per share. [4]
At today’s levels, Coinbase trades at around 23x earnings, with a beta close to 3.7, underscoring just how leveraged the stock remains to crypto sentiment and interest‑rate expectations. [5]
Big Headline #1: Coinbase Re‑Enters India After Two‑Year Exit
The most concrete corporate development on December 8 is Coinbase’s return to the Indian market after a multi‑year retreat.
What changed in India?
Multiple outlets report that Coinbase has reopened user registrations in India after shutting down local operations in 2023. [6]
Key details:
- Coinbase is onboarding Indian users again and has rolled out an early‑access program that transitioned into full registrations in recent weeks, confirmed at India Blockchain Week by APAC executive John O’Loghlen. [7]
- For now, the platform supports only crypto‑to‑crypto trading. Users cannot yet deposit or withdraw Indian rupees; fiat on‑ramps are targeted for 2026 once regulatory processes are fully completed. [8]
- Coinbase registered with India’s Financial Intelligence Unit (FIU) in 2024 to meet anti‑money‑laundering obligations, a key prerequisite for the re‑launch. [9]
- The company previously entered India in 2022 using the Unified Payments Interface (UPI) but quickly pulled back after India’s payments authority said it did not recognize the integration; Coinbase later “burned the boats” by fully offboarding users in 2023 to reset relations with regulators. [10]
Despite India’s tough tax regime — a 30% tax on crypto gains and a 1% tax deducted at source (TDS) on every trade — Coinbase is doubling down. [11]
- Its venture arm increased its investment in local exchange CoinDCX at a $2.45 billion valuation, and Coinbase now employs over 500 staff in India, with plans to grow headcount further. [12]
Why it matters for COIN stock:
India combines a massive retail investor base with a still‑uncertain regulatory environment. Coinbase’s cautious, crypto‑only re‑entry, backed by FIU registration, signals that the company is willing to accept a slower, compliance‑heavy growth path in exchange for long‑term positioning in one of the world’s largest potential crypto markets. For investors, the move is a long‑duration bullish story rather than an immediate revenue catalyst.
Big Headline #2: Coinbase Institutional Calls for a December Crypto Rally
On the macro side, Coinbase’s institutional research arm is openly calling for a December crypto recovery, tying the outlook to changing monetary conditions.
A December 8 analysis, highlighted by CoinCentral, reports that Coinbase Institutional expects crypto to rebound this month as: [13]
- Odds of a Federal Reserve rate cut have climbed toward 90% for the upcoming FOMC meeting.
- The Fed ended quantitative tightening (QT) on December 1, easing liquidity pressures.
- Coinbase’s proprietary global M2 liquidity index suggested weakness in November followed by a December reversal.
- The Russell 2000 small‑cap index approaching its 2021 highs is cited by crypto analysts as a potential signal for a new “altcoin season.”
The research note argues that these liquidity and macro tailwinds could mark “the starting line” for renewed crypto momentum — a clear positive narrative for trading volumes on Coinbase if it plays out.
Implication for COIN:
If Coinbase’s call is correct and a year‑end rally boosts trading activity, that could support Q4 revenue and strengthen the bullish case already being made by several Wall Street firms. But the thesis still depends heavily on macro outcomes, particularly the Fed’s next move.
Big Headline #3: Bernstein Sees 90% Upside – $510 Price Target
Perhaps the most eye‑catching forecast in recent days comes from Bernstein, which reiterated a $510 price target on COIN, implying roughly 90% upside from the low‑$270s. [14]
According to reporting relayed via TradingView and IndexBox:
- Bernstein argues that Coinbase is entering a “new bullish phase” despite a roughly 40% decline from its July peak. [15]
- The analysts see Coinbase evolving from a trading‑centric exchange into an “everything exchange” spanning spot trading, derivatives, token issuance, tokenized equities, and more. [16]
- A new instant unstaking feature, which lets users unstake supported assets immediately for a small fee, is cited as one example of monetizable product innovation that could deepen engagement. [17]
- Bernstein also points to upcoming product showcases later in December that may highlight tokenized stocks, prediction markets, and expanded derivatives offerings, as well as closer integration with Deribit, the options exchange Coinbase acquired earlier this year. [18]
This is one of the most aggressive bullish calls currently on the Street and helps explain why Coinbase has seen outsized moves whenever crypto sentiment turns positive.
Wall Street Consensus: “Moderate Buy” With ~45% Upside
While Bernstein’s $510 target sits at the top of the range, broader analyst consensus is constructive but more measured.
Street targets and ratings
- MarketBeat data show that 30 analysts covering Coinbase over the last 12 months assign a “Moderate Buy” rating, composed of 1 Sell, 11 Hold, 17 Buy, and 1 Strong Buy recommendations. [19]
- The average 12‑month price target is $396.94, implying about 45% upside from a recent reference price around $273. The range spans a low target of $243 to a high of $510. [20]
- TipRanks collects forecasts from 24 analysts and arrives at a similar average target of $396.30, with a high of $510 and a low around $266, suggesting nearly 47% upside from recent levels near $270. [21]
Not all moves have been upgrades: a recent note from Goldman Sachs trimmed its Coinbase target to $294, though MarketBeat notes that the broader consensus rating remains “Moderate Buy” and the average target still sits just under $400. [22]
Earnings expectations
A separate analyst roundup from Barchart highlights that for the full year 2025, Wall Street expects adjusted EPS of about $4.34, which would represent roughly a 43% year‑over‑year decline, even as the stock retains a Moderate Buy consensus from over 30 analysts. [23]
Taken together, the Street’s message is nuanced: analysts are generally positive on Coinbase’s long‑term strategic positioning and product roadmap but expect earnings volatility and macro‑driven swings to continue.
Technical Picture: COIN Still in a Descending Trend Channel
From a chart‑based perspective, today’s action looks more like a counter‑trend bounce than a confirmed breakout.
Benzinga’s December 8 technical note describes Coinbase as “battling a downtrend” despite the India news and pre‑market strength: [24]
- COIN closed last week at $269.73, down 1.58% for the week after failing to clear short‑term resistance.
- Pre‑market trading on Monday pushed the stock as high as $276.24, but similar bounces in recent weeks have often faded once regular trading volume returned.
- The stock remains below its 50‑, 100‑ and 200‑day exponential moving averages, all stacked above current price — a classic sign of a prevailing downtrend.
- Short‑term support is seen in the $260–265 area, which has been defended multiple times; a decisive break below could open the door to a retest of the $236 zone that sparked the last significant bounce.
- To flip sentiment, technicians are watching for a close back above $300–306, an area that roughly aligns with the 200‑day moving average and prior resistance.
For traders, that setup translates into clearly defined risk levels: bulls want to see the $260 zone hold and the stock reclaim $300+, while bears are eyeing any breakdown below support as a potential trigger for a deeper slide.
Fundamentals: Strong Q3 2025 and a Growing “Everything Exchange”
Behind the price swings, Coinbase’s most recent quarterly results paint a picture of a company with solid profitability, sizable liquidity, and an increasingly diversified business model.
According to the Q3 2025 shareholder letter and earnings call: [25]
- Q3 2025 total revenue:$1.9 billion
- Adjusted EBITDA:$801 million
- Net income:$433 million
- USD resources (cash, equivalents, and short‑term investments):$11.9 billion, up 28% quarter‑over‑quarter, driven partly by a $3.0 billion convertible debt issuance.
- Including crypto held for investment and as collateral, total available resources reached about $15.5 billion by the end of the quarter.
- Coinbase closed its acquisition of Deribit, adding roughly 11 million shares to its fully diluted share count and bolstering its position in crypto options and derivatives.
- The company’s assets under custody climbed to about $300 billion, helped by its role as custodian to most spot crypto ETFs globally.
On the earnings call, CEO Brian Armstrong and CFO Alesia Haas emphasized the strategy of building an “Everything Exchange” that can:
- Offer spot and derivatives trading in a single capital‑efficient environment (including cross‑margining between products).
- Expand into tokenized equities, prediction markets, and other non‑traditional asset classes.
- Scale Coinbase Developer Platform (CDP) and payments infrastructure, which already powers integrations with major financial institutions like JPMorgan, BlackRock, Citi, Stripe, PayPal, Revolut and others. [26]
Separately, Coinbase’s new Coinbase Business product is targeting small and mid‑sized enterprises with on‑chain payments, USDC‑based interest accounts, and integrated accounting, with over 1,000 businesses onboarded and another 1,000 on the waitlist by late October. [27]
These initiatives are all aimed at one goal: reducing reliance on trading volume as the primary revenue driver and building more recurring, infrastructure‑like income streams.
Ecosystem & Innovation: Base–Solana Bridge and Instant Unstaking
Recent product news reinforces the narrative that Coinbase is positioning itself as a core infrastructure player in the broader crypto economy.
Base–Solana bridge via Chainlink
Coinbase’s Base layer‑2 network has just launched a cross‑chain bridge to Solana using Chainlink’s Cross‑Chain Interoperability Protocol (CCIP): [28]
- The bridge enables users to move Solana (SOL) and SPL tokens onto Base and trade them across a range of Base‑native applications such as Zora and Aerodrome.
- It represents a technical milestone connecting an Ethereum‑style EVM chain (Base) with Solana’s distinct architecture, enhancing liquidity and cross‑chain composability.
- Solana currently holds around $9 billion in total value locked, with Base around $4.5 billion, making the bridge a meaningful connector between two high‑activity ecosystems.
Instant unstaking
In parallel, Coinbase has rolled out a new instant unstaking feature, allowing users to exit certain staking positions immediately for about a 1% fee instead of waiting through traditional unbonding periods. Reporting from IndexBox links this innovation, along with a bullish Bernstein note, to a 3.7% intraday rise in COIN on December 2. [29]
While these product moves do not immediately transform the income statement, they strengthen Coinbase’s “picks and shovels” role in crypto and can create high‑margin fee opportunities over time.
Institutional Flows: CalPERS Buys More COIN as Other Funds Trim
On the ownership front, new regulatory filings reveal a mixed but active institutional picture.
- The California Public Employees Retirement System (CalPERS) increased its Coinbase stake by about 42% in Q2, purchasing nearly 98,827 additional shares to reach 332,791 shares, or roughly 0.13% of the company, valued at around $116.6 million at the time of the filing. [30]
- Overall, about 68.8% of Coinbase shares are held by hedge funds and other institutional investors, while insiders still own roughly 16.6%. [31]
- At the same time, European asset manager Ossiam disclosed that it trimmed its Coinbase position by nearly 30% during Q2, selling over 18,000 shares and ending the quarter with around 43,347 shares worth about $15.2 million. [32]
Insiders have been net sellers in recent months, collectively unloading more than 700,000 shares worth over $220 million over a three‑month span, though insider selling is common for high‑growth tech and crypto companies where compensation is equity‑heavy. [33]
Regulation, Legal Overhang and Transparency
Regulation remains one of the biggest swing factors for Coinbase’s long‑term valuation — and recent headlines reflect both risks and mitigants.
Shareholder rights investigation
On December 5, investor‑rights law firm Halper Sadeh LLC announced an investigation into whether certain Coinbase officers and directors may have breached their fiduciary duties to shareholders, urging investors to contact the firm. [34]
These types of investigations are common after big stock moves or corporate actions and do not necessarily imply wrongdoing, but they add a layer of legal noise that investors must monitor.
Transparency Report 2025
In a move likely aimed at bolstering trust with regulators and customers, Coinbase recently published its seventh annual Transparency Report, covering the period from October 1, 2024 to September 30, 2025. [35]
Key points from the report:
- Coinbase received 12,716 government and law‑enforcement information requests, up about 19% from the previous year, spanning over 60 countries.
- Around 53% of requests came from outside the United States, with most originating from the U.S., Germany, the U.K., France, Spain and Australia.
- Coinbase emphasizes that it challenges or narrows requests it views as overly broad and states that it does not provide any government with direct system access to customer data.
Separately, in a recent interview highlighted by Yahoo Finance, CEO Brian Armstrong urged U.S. lawmakers to “finish the job” on crypto regulation, arguing that clear rules for digital assets and stablecoins are crucial for the industry’s next phase — and, by extension, for Coinbase’s long‑term growth. [36]
Key Risks and Opportunities for COIN From Here
Putting all of this together, the Coinbase story as of December 8, 2025 looks like a classic high‑beta growth stock with both powerful tailwinds and meaningful risks.
Bullish drivers
- Macro tailwinds: A potential Fed rate cut and improving liquidity backdrop could fuel the December rally Coinbase Institutional is calling for, lifting volumes and fee income. [37]
- Product expansion: From the Base–Solana bridge to instant unstaking and tokenized‑asset ambitions, Coinbase is steadily deepening its ecosystem. [38]
- India re‑entry: Returning to India under a more compliant structure opens a huge, albeit complex, growth market over the next several years. [39]
- Robust balance sheet: Strong Q3 profitability and a multi‑billion‑dollar liquidity cushion give the company room to invest through cycles. [40]
- Analyst support: Consensus 12‑month price targets around $396–397 imply 45–47% upside, with some high‑profile firms like Bernstein arguing for as much as 90% upside. [41]
Bearish and cautionary factors
- Technical downtrend: Despite today’s bounce, COIN remains below key moving averages and within a descending channel; a break below $260 could quickly shift sentiment bearish. [42]
- Earnings volatility: Street models still point to a double‑digit percentage decline in adjusted EPS for 2025, reflecting sensitivity to crypto volumes. [43]
- Regulatory and legal overhang: Ongoing global regulatory scrutiny, the Halper Sadeh shareholder investigation, and debates in Washington over crypto rules remain unresolved. [44]
- High correlation to crypto prices: Macro shocks that hit Bitcoin and Ethereum tend to move Coinbase stock sharply, as seen in the recent 5–6% down days tied to crypto sell‑offs. [45]
Bottom Line
On December 8, 2025, Coinbase stock sits at the crossroads of several powerful narratives:
- A renewed push into major markets like India
- A macro call for a December crypto rebound
- A growing role as an “everything exchange” and infrastructure provider
- Ongoing regulatory, legal and technical chart risks
Wall Street’s consensus “Moderate Buy” rating and near‑$400 price target reflect that balance: many analysts see substantial upside from today’s levels, but few view it as a low‑risk story.
For investors and traders watching COIN, the next few weeks are likely to hinge on three things: the Fed’s rate decision, how crypto prices respond, and whether COIN can reclaim the psychologically important $300 level on the chart. Until then, volatility is likely to remain part of the package.
References
1. www.marketbeat.com, 2. stockanalysis.com, 3. www.tradingview.com, 4. www.tradingview.com, 5. www.marketbeat.com, 6. coincentral.com, 7. coincentral.com, 8. coincentral.com, 9. parameter.io, 10. www.benzinga.com, 11. www.benzinga.com, 12. www.benzinga.com, 13. coincentral.com, 14. www.tradingview.com, 15. www.tradingview.com, 16. www.tradingview.com, 17. www.indexbox.io, 18. www.tradingview.com, 19. www.marketbeat.com, 20. www.marketbeat.com, 21. www.tipranks.com, 22. www.marketbeat.com, 23. www.barchart.com, 24. www.benzinga.com, 25. investor.coinbase.com, 26. s27.q4cdn.com, 27. www.nasdaq.com, 28. coincentral.com, 29. www.indexbox.io, 30. www.marketbeat.com, 31. www.marketbeat.com, 32. www.marketbeat.com, 33. www.marketbeat.com, 34. www.prnewswire.com, 35. www.coinbase.com, 36. finance.yahoo.com, 37. coincentral.com, 38. coincentral.com, 39. coincentral.com, 40. investor.coinbase.com, 41. www.marketbeat.com, 42. www.benzinga.com, 43. www.barchart.com, 44. www.prnewswire.com, 45. www.tradingview.com
