Coinbase stock has plummeted over 45% from its 2025 peak, yet Wall Street analysts remain optimistic, predicting a potential rise to $375. Analysts from Bank of America, Bernstein, Goldman Sachs, and BTIG have set target prices ranging from $303 to $440, citing Coinbase's market share and new product offerings as key factors. Despite this optimism, Coinbase faces significant challenges, including a prolonged cryptocurrency bear market and increased competition from firms like Vanguard and SoFi. These factors, along with declining transaction revenue and technical analysis indicators, suggest a bearish outlook, with some predicting a further drop to $200.