Coinbase Stock Smashes Past IPO Record: COIN Reaches New ATH Amid Stock Rally
For the first time since Coinbase’s initial public offering (IPO) in early 2021, the shares of the US cryptocurrency exchange reached a new record high this Friday. More than four years had passed since Coinbase’s previous record high of $429, which was attained during the height of the IPO craze in April 2021. Earlier today, the company’s market capitalization grew to around $110 billion, and its shares hit a new intraday high of $433.
From Rock Bottom to Record Highs: Coinbase’s Stunning Comeback Story
Over the past few years, the company has gone through a lot of ups and downs. The COIN stock fell to its current low of just $31 after the late 2022 market crash caused by FTX. However, significant regulatory developments and Coinbase’s long-awaited admission to the S&P 500 have sent the company’s shares skyrocketing in 2025. Moreover, because of the strong legislative momentum in the US and other favorable factors, Bernstein has increased its COIN price objective to $510.
Institutional Demand and Pro-Crypto Laws Drive Coinbase’s Upward Surge
According to analysts, Coinbase‘s remarkable comeback marks a recovery of investor faith in the larger cryptocurrency market and the exchange’s capacity to handle regulatory challenges. As institutional interest picks up speed and U.S. lawmakers continue to advance pro-crypto legislation, COIN seems poised to maintain its upward trajectory. It is currently expected by market observers that Coinbase will be able to challenge Bernstein’s aggressive $510 goal if it breaks through the $450 resistance, solidifying its position as the leading public business of the digital asset transition.
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