Cathie Wood Scoops $18 Million of Coinbase Stock, Analysts Give $270 COIN Price Target

Key Insights:

• Cathie Wood’s Ark Invest ETFs added 111,799 COIN shares in total, in a major portfolio rebalance.
• Wall Street remains bullish on Coinbase, with targets of $270 and $330.
• Coinbase unveiled several major initiatives during its latest System Update event, including plans to launch tokenized stocks.

Coinbase stock extended its recovery this week after Ark Invest made a fresh multi-million-dollar investment in the crypto exchange. Cathie Wood’s firm purchased approximately $18.4 million worth of Coinbase shares across three exchange-traded funds, signaling continued confidence in the company’s long-term growth strategy.

The move comes as Coinbase accelerates its expansion beyond cryptocurrency trading through tokenized equities, artificial intelligence-powered investment tools, and derivatives products.

Cathie Wood Adds $18 Million Worth of Coinbase Shares

Cathie Wood’s Ark Invest purchased more than $18 million worth of COIN shares across three of its exchange-traded funds. According to a recent disclosure, the firm’s flagship ARK Innovation ETF (ARKK) made the largest purchase, acquiring 82,556 Coinbase shares valued at approximately $13.61 million.

Meanwhile, the ARK Next Generation Internet ETF (ARKW) added 20,268 COIN shares worth roughly $3.34 million. On the other hand, the ARK Fintech Innovation ETF (ARKF) purchased an additional 8,975 shares valued at about $1.48 million.

In total, ARK Invest acquired 111,799 Coinbase shares, representing an investment of approximately $18.4 million, as per the company disclosure.

In addition to purchasing the Coinbase stock, Ark Invest also did some portfolio rebalancing by offloading its Robinhood (HOOD) holdings. According to recent disclosures, the firm sold 275,572 Robinhood shares through its ARK Innovation ETF (ARKK), worth $29 million.

Wall Street Gives Coinbase (COIN) Price Target of $270, $330

Wall Street firms remain bullish on Coinbase, with several analysts reiterating positive ratings. These firms are bullish about the company’s expansion beyond its traditional crypto trading business.

Benchmark reaffirmed its “Buy” rating on Coinbase and maintained a price target of $270. Analyst Mark Palmer said Coinbase is evolving from a cyclical cryptocurrency brokerage into a broader financial platform. Besides, it’s also attracting interest from traditional financial participants.

Meanwhile, Cantor Fitzgerald also reiterated its “Buy” rating on COIN stock and maintained a $250 price target. The firm cited Coinbase’s continued product innovation and business expansion.

Separately, Bernstein reaffirmed its “Buy” rating on Coinbase and maintained a $330 price target following the company’s recent “System Update” event. The target remains the highest among major Wall Street analysts covering the stock. Note that Bernstein previously reduced its target from $440 earlier this year amid a broader crypto market downturn.

As of now, Coinbase stock is trading at $164.92 and showing signs of recovery. However, it is still 30% down since the beginning of 2026.

Coinbase Unveils Latest System Update

Crypto exchange Coinbase unveiled a series of major product initiatives during its latest System Update event. It includes plans to launch tokenized stocks for non-U.S. users as early as next month.

The company said it intends to unify liquidity across its U.S. spot exchange, international derivatives platforms, and Deribit. This way, it aims to build a more integrated global trading ecosystem.

Coinbase also introduced an SEC-registered, AI-powered investment advisor. It will provide users with automated investment insights and portfolio assistance. In addition, the exchange announced an expansion of its offerings across equities, options, and perpetual futures markets, in a push towards traditional markets.

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