Coinbase（Coin）股票價格預測：看漲分析師預測未來3年的強勁增長

對加密交易的熱情對Coinbase的底線有益。但是，這種關係適得其反。

Coinbase (NASDAQ:COIN) stock has had a rocky ride since U.S. President Trump announced his candidacy for a second term in November 2024. After a turbulent period marked by cryptocurrency market volatility and a looming threat of U.S. sanctions on crypto exchange Binance, the crypto exchange is slowly emerging from the shadows.

自從美國總統特朗普宣布競選第二學期以來，Coinbase（NASDAQ：COIN）的股票曾經歷過艱難的旅程。在2024年11月的第二學期。在加密貨幣市場的動盪時期，美國對加密貨幣交易所的製裁的威脅迫在眉睫，加密交易所逐漸從陰影中出現。

Coinbase stock tipped off 2025 in poor shape. The letdown followed a strong fourth-quarter report in February, where Coinbase beat analysts’ earnings and revenue expectations.

Coinbase Stock的形狀較差。在2月份的第四季度報告中，令人失望的是，Coinbase擊敗了分析師的收入和收入預期。

But COIN had already lost half its value from the April 2021 initial public offering (IPO) price by the time 2024 drew to a close. The crypto exchange stock hit a low point of $31.83 in December of that year.

但是，到2024年2024年2024年4月的首次公開募股（IPO）價格，硬幣已經失去了一半的價值。當年12月，加密貨幣股票的低點達到了31.83美元。

From there, Coinbase stock slowly recovered, eventually making it back above the $170 level by March 2025. For comparison, COIN’s IPO price was $381 and the stock opened at $429.54 per share.

從那裡開始，Coinbase股票逐漸恢復，最終使其恢復到2025年3月的170美元水平。為了進行比較，Coin的IPO價格為381美元，股票開盤價為每股429.54美元。

Coinbase stock is now up 42% over the past six months. In contrast, the world’s largest cryptocurrency, Bitcoin (BTC), has risen 42% over the same period.

在過去的六個月中，Coinbase股票現在增長了42％。相比之下，世界上最大的加密貨幣比特幣（BTC）在同一時期上漲了42％。

Bitcoin comprises 32% of Coinbase’s trading volume. So far in 2025, Bitcoin is down 12% and Coinbase is down 23%. Before that, Bitcoin fell 37% in 2024 and Coinbase dropped 64%.

比特幣佔Coinbase交易量的32％。到目前為止，在2025年，比特幣下降了12％，Coinbase下降了23％。在此之前，比特幣在2024年下降了37％，Coinbase下跌了64％。

Coinbase’s revenues come from trading fees, subscriptions and services. The trading fee revenue grows and dips with crypto prices. Higher crypto prices encourage more revenue-generating transactions for Coinbase, while falling crypto prices do the opposite.

Coinbase的收入來自交易費，訂閱和服務。交易費收入隨加密價格增長和下降。更高的加密價格鼓勵共同基礎的更多收入交易，而下跌加密價格則相反。

The subscription and service revenues are less volatile. Coinbase has nearly tripled these revenues since 2022, but they accounted for just 37% of total sales in 2024.

訂閱和服務收入的波動性較小。自2022年以來，Coinbase幾乎增加了這些收入的兩倍，但在2024年，他們僅佔總銷售額的37％。

Even with the rising subscription and services revenue, Coinbase stock price movements have roughly aligned with Bitcoin price trends. This makes sense: Bitcoin comprised 32% of Coinbase’s 2024 trading volume.

即使訂閱和服務收入上升，Coinbase股票價格變動也大致與比特幣價格趨勢保持一致。這是有道理的：比特幣佔Coinbase 2024交易量的32％。

Catalysts That May Impact Coinbase Stock Over The Next 3 Years

可能影響Coinbase庫存的催化劑在未來3年內

Catalysts that could drive the Coinbase stock price higher or lower over the next three years include the performance of crypto, regulation and litigation trends, institutional trading volume and Coinbase’s expansion efforts.

在未來三年中，可能會推動Coinbase股票價格上漲或更低的催化劑包括加密的性能，法規和訴訟趨勢，機構交易量以及Coinbase的擴張工作。

Crypto Market Performance

加密市場表現

Enthusiasm for crypto trading is good for Coinbase’s bottom line. There is a point at which this relationship backfires, however. Since going public, Coinbase has underperformed Bitcoin. This prompts an opportunity-cost question for investors bullish on Bitcoin: Invest in Bitcoin directly for potentially higher returns or invest in Coinbase stock? Either strategy includes exposure to Bitcoin’s downside.

對加密交易的熱情對Coinbase的底線有益。但是，這種關係適得其反。自上市以來，Coinbase的表現不足。這提示了投資者對比特幣上看漲的機會成本問題：直接投資比特幣以獲得更高的回報或投資Coinbase股票？任何一種策略都包括暴露於比特幣的缺點。

That downside includes reactivity to economic news. In the immediate future, any signs of recession or inflation in the U.S. would be bad for crypto prices and Coinbase.

這不包括對經濟新聞的反應性。在不久的將來，美國的任何經濟衰退或通貨膨脹的跡像都對加密價格和共同點都不利。

Longer term, the next Bitcoin halving will encourage Bitcoin appreciation, potentially pushing other cryptocurrencies higher also. Halvings reduce the rate at which new Bitcoins are minted. The last halving was in April 2024 and the next should happen in April 2028.

從長遠來看，下一個比特幣減半將鼓勵比特幣欣賞，並有可能將其他加密貨幣提高。過度降低了新比特幣的鑄造速度。最後一半是在2024年4月，第二個應在2028年4月發生。

Regulations And Litigation

法規和訴訟

Many expect a light regulatory environment for crypto trading during President Trump’s second term. Trump has promised as much, according to an AP report. He's also said he will establish a federal crypto reserve and make the U.S. a leader in crypto.

許多人期望在特朗普總統的第二任期期間有一個輕型的監管環境。根據美聯社的一份報告，特朗普已承諾。他還說，他將建立一個聯邦加密保護區，並使美國成為加密貨幣的領導者。

In February, the SEC dismissed a civil enforcement action against Coinbase. The 2023 case accused Coinbase of acting as an unregistered broker.

2月，SEC駁回了針對Coinbase的民事執法行動。 2023年的案件被指控Coinbase充當未註冊的經紀人。

After the U.S. Supreme Court ruled in favor of the SEC in a case against crypto exchange Binance, the SEC announced it was dropping its case against Coinbase. The news arrived after President Trump said he planned to cut tariffs on U.S. goods from China.

在美國最高法院在反對加密交易所二元的案件中裁定支持SEC的裁定後，SEC宣布將其撤銷對Coinbase的案件。特朗普總統表示，他計劃削減中國對美國商品的關稅後，消息傳出。

Coinbase stock rose sharply following the news. But the stock slid later in the session as Trump announced he was planning to impose tariffs on goods from Vietnam. The move came amid rising concern over a potential trade war.

新聞之後，Coinbase Stock急劇上升。但是，當特朗普宣布他打算對越南商品徵收關稅時，該股票在會議晚些時候滑行。此舉是由於對潛在貿易戰的關注不斷增加。

The Trump administration had already imposed tariffs on $360 billion worth of Chinese goods. In December 2024, the U.S. president said he planned to begin cutting those tariffs.

特朗普政府已經對價值3600億美元的中國商品徵收了關稅。 2024年12月，美國總統表示，他計劃開始削減這些關稅。

The Trump administration began imposing tariffs on Chinese goods in early 2018 after the administration accused China of unfair trade practices.

特朗普政府於2018年初開始對中國商品徵收關稅，因為政府指責中國不公平的貿易做法。

China retaliated with tariffs on U.S. goods, and the two countries have been engaged in a trade war ever since.

中國對美國商品的關稅進行了報復，從那以後，兩國就從事貿易戰。

The U.S. also imposed tariffs on goods from Mexico after the administration said Mexico wasn't doing enough to reduce the number of migrants crossing the U.S. border illegally.

美國政府表示，墨西哥的行動不足以減少非法越過美國邊境的移民數量，美國還對墨西哥的商品徵收關稅。

The Trump administration threatened to impose tariffs on cars and auto parts from the European

特朗普政府威脅要對歐洲的汽車和汽車零件徵收關稅