币界网报道：Bernstein analysts raised Coinbase's (COIN) price target to $510 from $310, citing higher earnings projections, new growth drivers, and a revised valuation framework. They highlighted Coinbase's diversified business lines, including leading U.S. crypto trading, custody services for Bitcoin ETFs, and Base, Ethereum's fastest-growing Layer 2. The firm is also poised to benefit from U.S. stablecoin and crypto market legislation, with revenue from USDC and plans to expand globally via the Deribit acquisition. Bernstein noted Coinbase's persistent market share and stable take rates despite competition, forecasting 2025 revenue at $9.5 billion, with $4.2 billion from non-trading sources. The analysts project EPS to rise to $17.92 in 2026 and $20.38 in 2027, with a $510 target based on a 25x 2027 P/E multiple. Coinbase shares rose 3.6% to $356.83, nearing its all-time high.