Goldman Sachs significantly cuts Coinbase stock target price to $235

SmartContractAuditor · 2026-03-26T16:08:41+00:00

Goldman Sachs has lowered Coinbase's target stock price from $270 to $235, related to the stablecoin bill draft. The draft prohibits platforms from offering yields to stablecoin holders, causing Coinbase and Circle stock prices to retreat.

SmartContractAuditor

2026-03-26 16:08:41

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Odaily Planet Daily reports that following news of a new draft bill on stablecoins, Goldman Sachs significantly lowered Coinbase’s target stock price from $270 to $235. Coinbase has been a strong advocate for stablecoin rewards; its CEO Brian Armstrong has repeatedly stated that allowing U.S. citizens to use stablecoins to “make their money work harder” is crucial. However, the CLARITY bill draft mentions banning platforms from “directly or indirectly” offering benefits to stablecoin holders, causing Coinbase and Circle’s stock prices to decline. (TheStreet)

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