三大投行唱多Coinbase(COIN.US)未来：伯恩斯坦看好代币化超级周期，高盛称其为加密基建首选

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智通财经APP获悉，随着2026年全球金融市场的开局，加密货币交易巨头 Coinbase(COIN.US) 正处于战略转型的核心地带。该公司首席执行官布莱恩·阿姆斯特朗(Brian Armstrong)于本月正式宣布了“全能交易所”(Everything Exchange)愿景，标志着公司业务将深度跨越传统边界。由于看好其向传统金融市场的横向扩张潜能，包括高盛在内的多家主流投行已相继上调其股票评级...

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infrastructure","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":1.98},"content_text":"智通财经APP获悉，随着2026年全球金融市场的开局，加密货币交易巨头 Coinbase(COIN.US) 正处于战略转型的核心地带。该公司首席执行官布莱恩·阿姆斯特朗(Brian Armstrong)于本月正式宣布了“全能交易所”(Everything Exchange)愿景，标志着公司业务将深度跨越传统边界。由于看好其向传统金融市场的横向扩张潜能，包括高盛在内的多家主流投行已相继上调其股票评级至“买入”。1月6日，伯恩斯坦分析师高塔姆·楚加尼将Coinbase的目标价从510美元下调至440美元，同时维持其“跑赢大市”评级。伯恩斯坦预计2026年将出现代币化超级周期，其特征是美元、资本市场以及基于事件的资产向区块链迁移。该机构对比特币仍持乐观态度，认为这种加密货币以及更广泛的数字资产市场已经触底反弹。同一天，罗森布拉特(Rosenblatt)也将Coinbase的目标价从470美元下调至325美元，维持“买入”评级。这一调整是由于交易活动显著放缓而做出的。尽管短期内有所放缓，但罗森布拉特认为市场已经将这些较低的交易量纳入考量。该公司仍看好Coinbase的长期转型，认为随着公司向股票、预测市场和稳定币支付领域扩张，其将减少对波动较大的加密货币交易周期的依赖程度，从而具有巨大的上升潜力。然而，高盛于1月5日将Coinbase的评级从“中性”上调至“买入”，并将目标股价从294美元上调至303美元。该机构指出，该公司近期的产品发布增强了其核心业务的竞争力。高盛认为，对于那些希望从加密基础设施的扩张中获利的人来说，Coinbase是一个顶尖的投资选择。据了解，Coinbase正计划通过引入零佣金股票交易、ETF 管理以及大宗商品预测市场，利用美元及稳定币(USDC)的支付便捷性，向 Robinhood 等传统金融服务平台发起直接挑战。与此同时，公司明确将 2026 年的增长引擎锁定在稳定币支付生态的扩张以及 Base 区块链的开发者渗透率上，力求在波动剧烈的加密行业之外建立更为稳固的多维收入结构。值得一提的是，针对即将审议的《CLARITY 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