Barclays, Benchmark, Clear Street, and JPMorgan all cut targets, citing weak retail trading and macro headwinds.

Coinbase stock looks like a long-term buy after a 50% drop—boosted by institutional growth and lower costs. Learn more about the company.

JPMorgan said weak crypto markets pressured fourth-quarter results, but backs Coinbase’s strategy of investing through the cycle and returning capital via buybacks.

Q4 2025 earnings call highlights: revenue mix shift, Everything Exchange, Base growth, buybacks, and Q1 guidance—read now for key takeaways.