According to The Block, US investment bank Bernstein assessed Coinbase, stating that "its strategy as a comprehensive exchange beyond a spot exchange has begun to yield results." Accordingly, Bernstein maintained its target price for Coinbase at $330, analyzing that there is approximately 71% upside potential compared to the current stock price. Furthermore, Bernstein explained, "Despite sluggish Q1 performance, Coinbase's derivatives, prediction market, and payment business segments are showing significant growth. In particular, the prediction market business has surpassed $100 million in annualized revenue, and the retail and institutional derivatives businesses are each growing to an annual revenue scale of over $200 million."
