U.S. Tiger Securities Upgrades Coinbase Stock on Bitcoin Outlook

U.S. Tiger Securities upgraded Coinbase Global (NASDAQ: COIN) stock on July 7. The upgrade is directly related to Bitcoin's price action rather than Coinbase-specific catalysts. Analyst Bo Pei stated the firm believes Bitcoin has likely entered the final quarter of the current bear-market process. Coinbase is the largest United States-based cryptocurrency exchange, letting retail and institutional users buy, sell, store, and trade digital assets like Bitcoin (BTC) and Ethereum (ETH).

Analysts Predict Bitcoin Price Action

Bitcoin has experienced a roughly 54% drawdown from its October 2025 cycle high, with materially reset on-chain profitability and approximately three meaningful realized-loss capitulation waves. As of press time, Bitcoin was trading at $63,800, as per Decibel.

U.S. Tiger Securities was careful to stop short of calling a bottom. The firm stated it does not call the exact bottom but believes the largest part of the cycle de-risking is already behind the market. The analysts viewed the remaining downside as increasingly resembling that of a late-bear market. Pei wrote that upside belongs to the next cycle of liquidity recovery, institutional allocation, and broader crypto risk appetite.

Coinbase Ratings Remain Split

U.S. Tiger Securities analysts upgraded the stock to Buy from Hold on July 7, setting a price target of $200. The move marks a reversal from the firm's Hold stance, which it maintained as recently as May.

Not every analyst shares that optimism. Baird has reiterated a Neutral rating on Coinbase, projecting second-quarter revenue roughly 8% below consensus on a 22% sequential drop in crypto trading volumes.

COIN shares were trading 2.80% lower intraday at $164.15 at press time, below U.S. Tiger Securities' new target.

FAQ

What did U.S. Tiger Securities do on July 7?

U.S. Tiger Securities upgraded Coinbase Global (NASDAQ: COIN) stock to Buy from Hold on July 7, setting a price target of $200.

Why did U.S. Tiger Securities upgrade Coinbase stock?

The upgrade is directly related to Bitcoin's price action rather than Coinbase-specific catalysts. Analyst Bo Pei stated the firm believes Bitcoin has likely entered the final quarter of the current bear-market process.

What is Bitcoin's current price according to the source?

As of press time, Bitcoin was trading at $63,800, as per Decibel.