Asset management giant Bernstein reportedly thinks shares of top US crypto exchange Coinbase (COIN) are on the verge of a breakout. Gautam Chhugani, Bernstein’s managing director of global digital assets, says Coinbase stock may soar by more than 72% of its current value due to pro-crypto regulatory changes expected from US President Donald Trump and his administration, according to a CNBC report. Bernstein is tagging Coinbase with an “outperform” rating and setting a price target of $310, up from its $180 per share at time of writing. Says Chhugani, “With the Trump Administration’s aspiration to make America the ‘crypto capital of the world,’ Coinbase remains the dominant platform (66% US market share) to ride the tailwinds.” Chhungani says regulatory clarity bills before US Congress, such as around stablecoins, could increase Coinbase’s competition. However, he believes a growing crypto industry in the US will result in a net gain for Coinbase. “Regulatory clarity brings more competition for COIN from fintechs, brokers, banks, etc. However, we expect a strong bull market and rising US onshore dominance to more than offset any competitive market share and pricing pressures.” Lastly, he predicts that Coinbase will increase its non-trading revenues by a compound annual growth rate of around 31%. “COIN has done well to build a suite of crypto financial services beyond trading, particularly market leading share in USD stablecoins, crypto yield services such as staking.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Coinbase (COIN) Stock Set To Explode on Trump’s Regulatory Tailwinds, According to Bernstein Analysts: Report appeared first on The Daily Hodl .