币界网报道：Wall Street broker Bernstein raised Coinbase's price target to $510 from $310, reiterating its outperform rating as the crypto exchange solidifies its position as a "universal bank" bridging retail, institutional, and on-chain infrastructure. The report highlights Coinbase's dominance in U.S. trading, custody services for most Bitcoin ETF issuers, and rapid scaling of its stablecoin business, which contributes 15% of revenue. Recent acquisitions like Deribit and the growth of its Ethereum Layer 2 network Base, hosting projects like JPMorgan's JPM Coin, position Coinbase as a key infrastructure builder for the next financial system. The analysts also noted Coinbase stands to benefit from upcoming U.S. crypto regulations like the GENIUS and CLARITY Acts.