Goldman Sachs slashes Coinbase price target
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By Pooja Rajkumari
Published on March 26, 2026.
Goldman Sachs has reduced its price target on Bitcoin-linked company, Coinbase, to $235 from $270, following reports of a new draft of the stablecoin bill that would prohibit yield offering on stablecoin holdings if rewards look like interest-bearing accounts. This move comes after the company had been one of the leading advocates of stablecoin rewards, which has raised concerns among traditional banks about their yields appearing like bank deposits and potentially raising issues around regulation and financial stability. Despite these setbacks, Goldman noted that some crypto-linked stocks are becoming increasingly attractive entry opportunities.
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