Coinbase stock price retreated by over 5% on Wednesday as traders and investors remained pessimistic about its business ahead of its fourth-quarter earnings report.
Summary
- Coinbase share price is stuck in a bear market after falling from $445 in 2025 to $153.
- The company will publish its fourth-quarter financial results on Wednesday.
- Robinhood’s crypto revenue slumped 38%, and Coinbase’s figure dropped as well.
Wall Street pros are turning bearish on Coinbase
Coinbase, the biggest crypto exchange in the U.S., dropped to $154, down sharply from its 2025 high of $445. This crash has erased billions of dollars in value, with the valuation dropping from close to $100 billion to $41 billion.
The stock retreated as Wall Street analysts scaled down their target amid the ongoing crypto market crash.JPMorgan reduced its target from $399 to $290, while maintaining the overweight rating. Cantor Fitzgerald also reduced the stock target to $221 from $277, while Citigroup cut from $500 to $400.
The most bearish analyst is Ed Engel of Compass Point, who lowered the target from $230 to $190, while maintaining a sell rating.
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Coinbase stock also retreated after Robinhood’s stock price plunged by over 10% after releasing its results on Tuesday. A key reason for its weak financial results was that its closely-watched crypto revenue dropped by over 38% in the fourth quarter. It has grown by triple digits in the previous quarters.
Therefore, there is a likelihood that Coinbase will also publish weak financial results after the market closes on Wednesday. Third-party data shows that Coinbase’s retail transaction volume dropped by 15% as Bitcoin (BTC) and other altcoins dropped. This is notable as the transaction revenue is the biggest part of its business.
Wall Street analysts expect Coinbase’s revenue to come in at $1.84 billion, down 78% from the same period in 2024. This decline will occur despite revenue from Deribit, a company it acquired last year. If this estimate is accurate, then its annual revenue will drop by 19.1% to $7.24 billion.
Worse, Coinbase will likely experience another weak first quarter because of the ongoing crypto market crash, with Bitcoin moving to $67,000 today and crypto ETF outflows continue. These factors likely explain why Cathie Wood’s Ark Invest has dumped the stock.
Coinbase stock price technical
COIN stock chart |Source: crypto.news
The weekly timeframe chart shows that the COIN stock price has crashed in the past few months, dropping from the all-time high of $445 in July 2025 to the current $153.
It has dropped below the 61.8% Fibonacci Retracement level at $190. Most importantly, the stock has dropped to key support, where it has failed to move below twice since 2024.
Coinbase share price has also dropped below the 50-week and 100-week Exponential Moving Averages and the weak, stop & reverse level of the Murrey Math Lines tool.
A drop below the key support level at $143 will confirm the bearish outlook and point to more downside, potentially to the 78.6% retracement level at $120.
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