Bernstein has reiterated its Street-high $510 price target on Coinbase (COIN), arguing the exchange is quietly transitioning from a trading-dependent platform into what analysts call an emerging “everything exchange.”

The bullish revisit comes as Coinbase shares remain battered compared to their long-term performance. 

Coinbase (COIN) is down roughly 11% over the past year and about 29% from its all-time peak, even with Bitcoin (BTC) back above $91,000. 
$BTC
#CoinbaseEffect #wordoftheday