Why Analysts Aren’t Worried About Coinbase’s 30% Drop
In brief William Blair cut its 2026 and 2027 EBITDA estimates for Coinbase by 34% and reduced revenue forecasts by 12–13%, yet maintained an outperform rating, saying earnings should trough by year-end before a 2027...
Bitcoin 1 Minute
A notable development has hit the crypto markets. In brief William Blair cut its 2026 and 2027 EBITDA estimates for Coinbase by 34% and reduced revenue forecasts by 12–13%, yet maintained an outperform rating, saying earnings should trough by year-end before a 2027 rebound. Coinbase and Circle shares rose roughly 3–4% each on Wednesday after William Blair said key risks are already priced in and both stocks carry strong upside exposure to a Bitcoin recovery; COIN has fallen nearly 30% this year, CRCL about 20%.
John Bollinger, creator of the Bollinger Bands volatility indicator, flagged a fractal "W" double-bottom on Bitcoin's daily chart—calling a completed pattern "a confirmation of a change in trend.
This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.
