COIN ~$175 (+145% 12mo) BTC $70k rally + ETF inflows + PT $304+ + FengHe sell
Key Questions
What is the recent performance of Coinbase (COIN) stock?
COIN stock is trading around $175, up 145% over the past 12 months and +8.7% recently. It closed at $174.79 in the latest session, marking a +1.94% move and surpassing market returns.
Why did COIN stock rise recently?
The stock rose +8.7% amid Bitcoin reaching $70k with $276M in liquidations and Bitcoin ETF inflows of $471M, the highest since late February. Cumulative ETF inflows stand at $87-90B, boosting sentiment despite Q1 price stalls.
What are the latest Bitcoin spot ETF inflows?
Spot Bitcoin ETFs recorded $471M in inflows, the largest single-day amount in six weeks and highest since late February. Yesterday's net inflow was $471.4M, with Ethereum ETFs at $120.2M.
What is the consensus price target for COIN stock?
The consensus price target for COIN is $304 or higher. Analyst targets include S&P TA $250, Cantor $221, H.C. $350, and Simple $383.
What rating did Raymond James give to COIN?
Raymond James reiterated a Market Perform rating on Coinbase stock while updating its model ahead of Q1 2026 earnings. The firm noted crypto market dynamics in its assessment.
What is Morgan Stanley's involvement with Bitcoin ETFs?
Morgan Stanley's Bitcoin spot ETF (MSBT) is listing on the NYSE Arca tonight, becoming the first major U.S. commercial bank to launch a Bitcoin ETF. It uses custody services potentially linked to Coinbase.
What did FengHe do with COIN stock?
FengHe reduced its position in COIN by 82%, selling amid perps and token equities trading. This contrasts with overall positive ETF inflow trends.
Why is Bitcoin price stalling despite ETF inflows?
Bitcoin hit $70k with $471M ETF inflows, but price has stalled in Q1 versus inflows, showing a flow vs. price disconnect. Coinbase's Bitcoin premium index turned significantly positive for the first time since March 19.
Stock +8.7% on BTC $70k ($276M liq)/ETFs $471M (cum $87-90B)/AFSL AU/MSBT custody/S&P TA $250/Cantor $221/H.C. $350/Simple $383/Zacks Sell/Raymond James Market Perform/consensus $304/FengHe -82%/perps/token equities; Q1 stall vs inflows/AFSL.