Wall Street Loses Faith in Coinbase
Analysis
Price Impact
HighWall street analysts have issued a rare double downgrade for coinbase (coin) from 'buy' to 'sell', citing 'prolonged crypto market weakness' and expecting the malaise to last over a year. this indicates a significant loss of confidence in a major crypto market player, which can ripple through broader market sentiment.
Trustworthiness
HighThe analysis comes from reputable wall street firms (monness, crespi, hardt, jpmorgan, compass point) providing institutional-level research and downgrades for a publicly traded crypto company.
Price Direction
BearishThe downgrades are directly linked to expectations of 'prolonged crypto market weakness'. a major exchange's severe stock downgrade and the stated reasons create a strong negative sentiment for the overall crypto market, indicating potential downward pressure.
Time Effect
LongAnalysts explicitly expect the current market malaise to last 'for over a year', suggesting that the bearish sentiment and potential price weakness could persist for an extended period.
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Cover image via U.Today Read U.TODAY on Google News More pain? Is Wall Street giving up on Coinbase? Advertisement Wall Street’s confidence in Coinbase Global Inc. (COIN) continued to crumble Analysts at Monness, Crespi, Hardt has slammed cryptocurrency giant Coinbase with a rather rare double downgrade. The stock of America's leading cryptocurrency exchange has been slashed directly from "Buy" to "Sell." The firm cited "prolonged crypto market weakness" as the key reason behind the downgrade. HOT Stories Morning Crypto Report: XRP Gains Momentum Ahead of CPI, Binance's 15,000 Bitcoin Fund Records First Profit, 3 Key Solana (SOL) Updates for February 2026 Detailed Ripple's CTO Emeritus Calls Bitcoin 'Technological Dead End' More pain? The downgrade is particularly stinging because it does not foresee a speedy recovery for the embattled market. Advertisement Monness, Crespi, Hardt cut their forecasts for Coinbase’s revenue, EBITDA, and earnings per share (EPS). The firm expects the current market malaise to last for over a year. Coinbase's stock has already been hammered, but the firm believes that a 50% drop is not enough. You Might Also Like Thu, 02/12/2026 - 15:27 Standard Chartered's Geoff Kendrick Warns of $50,000 Bitcoin Risk as Bank Cuts 2026 Targets By Gamza Khanzadaev Advertisement Typically, a drop of that magnitude might tempt analysts to move to a neutral "Hold" stance. However, Monness, Crespi, Hardt argues that the stock is still not cheap enough. The duration of the downturn is yet to be fully priced in by the market. Is Wall Street giving up on Coinbase? Coinbase Global Inc. is facing its most severe crisis of confidence on Wall Street since the 2022 bear market. Over the last 48 hours, a cascade of analyst downgrades and price target slashes has hit the stock As reported by U.Today, Coinbase's stock was recently hit hard by JPMorgan cutting its target to $290. Compass Point also cut its target from $230 to $190, arguing that the stock had "decelerating momentum." In the meantime, Coinbase CEO Brian Armstrong is no longer among the top 500 richest people following the stock plunge.