Institutional investors are once again turning their attention to crypto company stocks after a powerful rally in the digital asset market. The largest Wall Street banks have revised their target prices upward, signaling a shift in sentiment and the return of a "bullish" trend.
Goldman Sachs raised its target price for Coinbase (COIN) shares from $173 to $196, roughly 13% above the previous forecast. The bank's analysts maintained a "buy" rating and highlighted two key growth drivers: sustainable business development in new areas, including derivatives and prediction markets, as well as the potential for further improvement in the crypto market situation.
COIN shares closed at $187.16, gaining 4.28% on the day. Goldman's new target is approximately 5% above the current price. Notably, in March the bank set a target level of $235, but later lowered it, yet now it is once again showing confidence in growth.
In parallel, Canaccord Genuity raised its target price for Strategy (MSTR) shares to $175, whereas the previous forecast was $130. This is an increase of 35%. The new target exceeds Tuesday's closing price ($126.83) by approximately 38%. The bank's analysts described the situation for MSTR as "markedly improved—a breath of fresh air."
The dynamics confirm a reversal in market sentiment. Since August 19, MSTR shares have risen by 34.66%, while COIN has gained 27.14% over the same period. This is an impressive recovery after the summer slump, when on July 31 analysts lowered forecasts for COIN due to the company's weak quarterly results.
Both updated estimates suggest further growth compared to recent closes. The question is whether this momentum will hold in September. The market is clearly signaling the return of risk appetite, and institutions are ready to capture this trend in their models.
My view: The upward revisions are not just a reaction to current price dynamics, but a sign that major players see structural changes in these companies' business models. Coinbase is diversifying beyond spot trading, while Strategy continues to expand its bitcoin treasury portfolio. If optimism persists, we may see new resistance levels, but investors should remember the volatility inherent in this sector.