A compliant platform's stock price rises by 8%. Top investment banks are optimistic about the prospects of crypto adoption.

Source: DefiPlanet Original Title: Coinbase Jumps 8% as Goldman Sachs Turns Bullish on COIN Original Link:

Quick Breakdown

• Certain compliant platform shares jumped 8% after Goldman Sachs upgraded to buy
• Price target raised to $303, implying 18% upside from current levels
• Goldman sees crypto adoption accelerating in 2026, driven by regulation and infrastructure growth

Certain compliant platform shares surged on Monday after Goldman Sachs upgraded the crypto exchange operator, citing growing confidence in its diversification beyond trading and its role in the expanding crypto infrastructure space.

The Wall Street bank lifted its rating from neutral to buy and raised its 12-month price target, triggering an immediate rally in the stock.

Goldman Sachs Raises Price Target

In a research note released Monday, Goldman Sachs analyst James Yaro said the bank has “selective optimism” around US brokers and crypto companies positioned as long-term infrastructure providers.

The upgrade reflects a shift toward “structural growth through growing derivatives business, best-in-class crypto infrastructure businesses, and new, secularly growing products, particularly tokenization and prediction markets.”

As part of the upgrade, Goldman increased its 12-month price target for the platform to $303 per share, up from $294. The stock closed the session up nearly 8% at $254.92, with little movement in after-hours trading.

At current levels, Goldman’s new target implies roughly 18% upside over the next year.

Yaro highlighted the exchange’s efforts to expand beyond spot trading as a key driver of the upgrade, pointing to areas such as crypto infrastructure, tokenization, and prediction markets.

The CEO recently reiterated the company’s push toward an “everything exchange” model, with plans to prioritize stablecoins, expand exchange services, and scale its Ethereum layer-2 network heading into 2026.

The exchange has also moved into prediction markets through partnerships, tapping into one of the fastest-growing segments in crypto over the past year.

Goldman Sees Stronger Crypto Adoption in 2026

Beyond this specific platform, Goldman Sachs struck a positive tone on the broader crypto market outlook for 2026, citing expected growth in both retail and institutional adoption.

Yaro said regulatory momentum in the US could play a decisive role in unlocking new use cases beyond trading, particularly among institutions that have so far been cautious.

However, he warned that failure to pass key legislation, including the US Congress’ proposed crypto market structure bill, could present a significant downside risk to the sector.

The report represents one of Goldman’s clearest endorsements of the platform to date. According to analyst tracking data, Yaro has a 62% success rate with an average annual return of nearly 16%.