Coinbase falls as BTIG flags transaction‑volume weakness
ReutersFeb 5, 2026 3:49 PM
Shares of crypto exchange Coinbase COIN.O falls 8.89% to $153.63
BTIG cuts price target on COIN to $340 from $420; New PT still reflects a 101.6% upside to the stock's last close
Cites recent softness in COIN's trading volume based on third-party data
Separately, cryptocurrency and blockchain‑related companies fall after bitcoin drops below the $70,000 level
The stock price pressure has been mainly driven by expectations for 4Q weakness in transaction volume relative to 3Q and the broader market, brokerage says
25 of 37 brokerages rate the stock "buy" or higher, 11 "hold" and 1 "strong sell"; their median PT is $328
Including session moves, stock is up 43.5% in the last 12 months
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