Coinbase shares rise 4.70% as Bitcoin rebounds and analysts revise price forecasts

Benzinga Pro data showed Coinbase Global shares gained 4.70% to $180.08 on Friday at the time of publication. Coinbase shares rose as Bitcoin rebounded and Wall Street analysts updated price forecasts for the cryptocurrency exchange. Bitcoin climbed 1.52% over the past 24 hours to $82,935.14, gaining $1,242.34. The recovery supported cryptocurrency-linked stocks, including Coinbase. Coinbase benefits from stronger digital asset markets because higher trading activity can boost transaction revenue.

Broader markets also traded higher on Friday. The Nasdaq gained 0.33%. The S&P 500 rose 0.36%.

Several Wall Street analysts revised Coinbase price forecasts this week. Morgan Stanley analyst Michael Cyprys maintained an Equal-Weight rating and raised his price forecast from $250 to $258 on Friday. However, Citizens analyst Devin Ryan maintained a Market Outperform rating and lowered his price forecast from $325 to $280. Barclays maintained an Underweight rating and increased its price forecast to $149 on Wednesday.

Coinbase shares have fallen 53.11% over the past year. However, Coinbase shares have shown signs of improving momentum. Coinbase shares traded at $180.08, above the 50-day simple moving average of $174.61. Coinbase shares also traded above the 100-day simple moving average of $169.95. However, Coinbase shares remained 2.8% below the 20-day simple moving average of $186.86. Coinbase shares remained 1.2% below the 200-day simple moving average of $183.79. Those overhead moving averages could limit further gains.

The relative strength index stood at 48.78, indicating neutral momentum. The 20-day simple moving average remained above the 50-day simple moving average, suggesting some short-term strength. However, the bearish crossover formed in December 2025 remained a longer-term concern. Key resistance stood near $196. The 200-day exponential moving average stood at $193.25. Support stood near $161.

Coinbase has significant exposure through several exchange-traded funds. The Corgi Crypto Infrastructure ETF (BLCK) held an 8.47% weighting in Coinbase. The ARK Blockchain & Fintech Innovation ETF (ARKF) held a 5.60% weighting in Coinbase. The Fidelity Crypto Industry and Digital Payments ETF (FDIG) held a 5.32% weighting in Coinbase. Those holdings give investors indirect exposure to Coinbase. Changes in fund flows and portfolio rebalancing could also affect demand for Coinbase shares.