Analysts Reduce Coinbase Price Targets Amid Bitcoin Decline
Despite a positive outlook from leading analysts, Coinbase's price targets have been lowered as Bitcoin continues its downward trend.
In light of Bitcoin's recent downward trajectory, analysts from notable financial institutions such as JPMorgan, Cantor Fitzgerald, and Citi are still optimistic about Coinbase, albeit with revised price targets.
As the cryptocurrency market experiences volatility, these analysts have adjusted their forecasts for Coinbase, reflecting a cautious stance while maintaining their overall bullish sentiment.