Coinbase is gaining long‑term attention for its bank partnerships rather than short‑term trading revenue

Coinbase is being tipped for large long‑term gains as it continues building the backend infrastructure that banks are now using to offer crypto services, according to reporting from CNBC.

Cryptopolitan reported earlier that Coinbase’s third‑quarter revenue surged to $1.87 billion, which came in above the $1.8 billion expectation, triggering a 9% rally on the COIN stock rose by 9% by Friday’s close.

The company has been partnering with Wall Street giants like JP Morgan, Citi, and PNC, who are all using Coinbase to provide crypto access inside their platforms, calling it a foundational build, not a short‑term revenue lift.

Banks adopt Coinbase infrastructure

In late July, Coinbase said it would integrate its institutional Crypto‑as‑a‑Service platform into PNC, allowing its clients to buy, hold, and sell crypto directly from their existing bank environment.

Later in the month, Coinbase announced multiple product offerings with J.P. Morgan. These offerings link Chase bank accounts to Coinbase wallets. Customers can move funds directly between the two. They can also transfer Chase Ultimate Rewards points into Coinbase accounts.

Users can also fund their Coinbase accounts with Chase credit cards. This is where Coinbase moves from being an exchange people log into separately to being a built‑in layer inside normal banking activity.

Bernstein analyst Gautam Chhugani wrote that Coinbase is “fast becoming the AWS of crypto financial infrastructure as big banks such as JPM, Citi, PNC choose Coinbase as their crypto partner.”

Chhugani refers to Amazon Web Services, which is the unseen backend behind most major tech products. This framing is being used to describe Coinbase’s position as financial systems adopt blockchain rails for processing.

Analysts outline expected upside

Bernstein has an outperform rating on Coinbase with a price target of $510, which would represent 55% upside.

Bernstein analysts wrote that Coinbase is “executing on its crypto dream, where blockchain rails would re‑architect capital markets, banking and payments.” They also stated that the company’s path is not based on token price cycles but on building a business that services institutional financial systems.

Barclays holds an equal‑weight rating with a price target of $357, which implies 8.7% upside. Barclays analysts said its management expressed confidence in active developments across payments, exchanges, and capital formation.

Needham has a buy rating and a $400 price target, implying 21.8% upside. Needham analysts wrote that management is seeing strong demand for stablecoin infrastructure. They stated that Coinbase continues to receive partnership mandates from large firms such as Citi and BlackRock while also seeing increased interest from small and medium‑sized businesses.

Rosenblatt has a buy rating and a $470 price target, which implies 43.1% upside. Rosenblatt analysts wrote that over 1,000 businesses are currently using Coinbase for stablecoin payments and that another 1,000 businesses are on the waitlist.

They listed partnerships with Citi, Stripe, PayPal, Revolut, Webull, and Shopify as examples of how Coinbase is now being used as the on‑chain payments gateway for companies building crypto‑based transaction flows.

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