Coinbase Now Belongs With Goldman, JPMorgan, Amex: Industry Experts

Coinbase stock price climbed 5.5% to $375.07, marking their highest level since November 2021 and capping a 43% surge in June—the best performance in the S&P 500 this month.

Industry experts now liken Coinbase to established finance firms such as Goldman Sachs, JPMorgan Chase, and American Express.

Coinbase Stock: Breakout Rally and Market Metrics

Coinbase stock has soared in recent weeks. It hit a peak of $382 on June 26 before trimming gains and closing the week at $353, up 0.7% in after‑hours trading.

Over the past two months, COIN has nearly doubled, with weekly candles moving almost vertically in June. Average daily trading volume surged to 10 million shares this month, up 75% from May levels.

Pro‑Ripple attorney John Deaton called Coinbase a “must‑have blue‑chip stock,” grouping it with Wall Street giants Goldman Sachs, JPMorgan, and American Express.

Deaton argued that Coinbase’s size, market cap, and growing institutional footprint justify its new status. He noted that firms like Goldman and JPMorgan have market caps above $400 billion, while Coinbase now exceeds $100 billion.

Cathie Wood, CEO of ARK Invest, told investors that Bitcoin holders may soon use their crypto as collateral for mortgages via Coinbase.

She estimated that roughly 5 million U.S. households hold more than $1 million in Bitcoin and could benefit if on‑chain assets unlock home‑financing options.

Analysts point to regulatory clarity on stablecoins as a catalyst. The U.S. Senate’s passage of the GENIUS Act on June 17 may further boost Coinbase’s revenue from its USDC stablecoin, which accounted for 20% of Q1 2025 fees.

Bernstein raised its price target by 65%, citing Coinbase’s expanding product suite, including the planned launch of perpetual futures and enhanced staking services. On Tuesday, COIN gained 12.1%, followed by a 4.3% rise on Wednesday.

Coinbase disclosed in May that it operates as the largest Ethereum node, controlling 11.42% of all staked Ether. The firm also reported managing $404 billion in customer assets on its platform as of its 2024 annual report.

It added that fewer than 1% of customers were affected by a May extortion attempt, and it set aside up to $400 million to reimburse users, underscoring its commitment to security and governance.

Crypto Policy Implications and Outlook

Coinbase joined the S&P 500 on May 19, 2025, signaling Wall Street’s acceptance of crypto exchanges as mainstream financial entities.

Regulators are now exploring frameworks for digital‑asset custody and lending. U.S. Treasury and SEC officials have scheduled hearings in July to discuss on‑chain collateral rules and consumer protections.

Analysts forecast that Coinbase stock could sustain gains if it capitalizes on mortgage‑collateral use cases and maintains leadership in stablecoins.

Bernstein projects a potential 45% upside by year‑end, contingent on SEC approvals for crypto ETFs and continued institutional inflows.

Coinbase’s rapid ascent from crypto exchange to financial-market peer highlights its evolving role. As it cements ties with traditional finance, Coinbase stock may redefine how digital wealth integrates into legacy systems, just as Goldman, JPMorgan and American Express have done for decades.

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