On September 11, Coinbase Global, Inc. rose 5.33% in regular trading, trading at $180.20 USD/share, with turnover of approximately $375 million. The rally was fueled by a confluence of bullish catalysts spanning analyst upgrades and strategic developments.

Morgan Stanley initiated coverage on Coinbase with an Equal Weight rating and a $250 price target, noting the company has significantly expanded beyond a pure exchange model while flagging crypto cyclicality risks. The bank projects a 2027 rebound and approximately $3 billion adjusted EBITDA by 2028. Separately, Goldman Sachs raised its target price to $219 from $196, maintaining a Buy rating. The consensus mean target stands at $198.63.

CEO Brian Armstrong declared that Bitcoin's current price cycle has bottomed, setting a near-term target of $78,000 and expressing confidence in a multi-year uptrend ahead of the next halving. Armstrong also highlighted four strategic priorities through 2027: tokenization, prediction markets, agent finance, and infrastructure. Base chain stablecoin payment volumes surged 700% year-over-year to a cumulative $3 trillion, underscoring accelerating on-chain adoption.

Additionally, Coinbase announced the rebranding of Base App back to Coinbase Wallet, pivoting toward multi-chain trading and perpetual contracts powered by Hyperliquid, while the Clarity Act regulatory bill heads to a Senate vote on September 15.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)