币界网报道：Coinbase shares surged over 20% following a bullish analyst report from Oppenheimer, which upgraded the crypto exchange's stock to "Outperform" with a $160 price target. The rally comes despite recent SEC scrutiny, as analysts highlight Coinbase's potential to become a "transformational" player in crypto infrastructure. Oppenheimer cites Coinbase's strong market position, regulatory compliance efforts, and growing institutional adoption as key growth drivers. The report suggests Coinbase could benefit from upcoming crypto catalysts like spot Bitcoin ETF approvals and Ethereum's network upgrades. This optimistic outlook contrasts with earlier bearish sentiment, as the stock had dropped nearly 15% year-to-date before this rebound. The surge reflects renewed investor confidence in Coinbase's ability to capitalize on crypto's long-term growth trajectory.