Goldman Sachs Crypto: Bank Raises Coinbase Target Despite Crypto Volume Slump
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Goldman Sachs raised its price target for Coinbase despite a broader slump in crypto trading volumes, signaling continued confidence in the exchange's outlook. The bank's call suggests it expects Coinbase's revenue mix and institutional-facing services to offset spot-volume weakness. For Bitcoin, this implies that continued institutional adoption and strengthening infrastructure could sustain demand and help stabilize or support prices even amid lower retail trading activity.
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