Wall Street giant Goldman Sachs changed its negative attitude towards the cryptocurrency exchange Coinbase to neutral.
Goldman Sachs, Bitcoin reaches all-time high and volumes on centralized cryptocurrency exchanges in 2021 It took a step back after approaching a record level.
The Wall Street giant has a bearish expectation for Coinbase, the largest cryptocurrency exchange in the USA. on March 7 It turned this negative price expectation into neutral in its current report.
Price target for COIN in Goldman Sachs’ latest report when it was $170 This price target is in the current report in 282 dollars updated. According to TradingView data, COIN shares are at the time of writing. 242 from dollars Considering that it is traded, Goldman Sachs front thinks that the rises will continue.
Goldman Sachs analysts, led by Will Nance, cited increased adoption in the cryptocurrency industry as the reason behind their change in price forecasts:
Although we still see limited crypto use cases at the moment, the ‘beta’ in price action has led us to adjust our estimate of the acceleration in retail investor adoption it brings over time.