Bernstein Lowers Targets for Coinbase, Robinhood, Figure

Financial analysts at Bernstein have lowered price targets for cryptocurrency-linked stocks Coinbase, Robinhood, and Figure Technology Solutions, while maintaining outperform ratings on all three, citing a recent market selloff that has created attractive entry points for investors focused on long-term growth in digital asset infrastructure.

In a note to clients issued on Monday, Bernstein analysts, led by Gautam Chhugani, attributed the downturn to a combination of geopolitical tensions and subdued cryptocurrency sentiment. The stocks have declined 57 to 62 percent from their 2025 peaks, with Coinbase shares trading around 165, Robinhood near 67, and Figure under 31 as of late last week. The firm views these levels as undervalued, offering exposure to expanding markets such as stablecoins, tokenized real-world assets, prediction markets, and crypto derivatives. "The combination of geopolitics and temporary crypto weak sentiment is offering big discounts on crypto stocks," the analysts wrote.

For Coinbase, Bernstein reduced its price target to 330 from 440. The San Francisco-based exchange faces direct pressure from softer spot trading volumes, which are running about 30 percent...