Coinbase stock is projected to rally by over 64% from the current price of $188, as indicated by Bernstein analyst Gautam Chhugani. The analyst believes this surge will stem from enhanced regulatory clarity regarding cryptocurrencies in the United States, under President Donald Trump's administration. Bernstein has initiated coverage of the Nasdaq-listed Coinbase with an outperform rating and a target price exceeding $310, highlighting the potential for greater mainstream cryptocurrency adoption. This bullish outlook follows Trump's recent actions, including hosting discussions on cryptocurrency policy and signing legislation related to the forfeiture of cryptocurrencies in criminal cases. Coinbase is positioned as a pivotal player in the evolving crypto landscape, described as a one-stop platform that combines multiple financial services akin to a universal bank in blockchain. Analysts assert that establishing the correct regulatory tone is essential for fostering innovation and integrating cryptocurrencies into the US financial framework.

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