Coinbase（Coin）股票价格预测：看涨分析师预测未来3年的强劲增长

对加密交易的热情对Coinbase的底线有益。但是，这种关系适得其反。

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.

自从美国总统特朗普宣布竞选第二学期以来，Coinbase（NASDAQ：COIN）的股票曾经历过艰难的旅程。在2024年11月的第二学期。在加密货币市场的动荡时期，美国对加密货币交易所的制裁的威胁迫在眉睫，加密交易所逐渐从阴影中出现。

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的形状较差。在2月份的第四季度报告中，令人失望的是，Coinbase击败了分析师的收入和收入预期。

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月的首次公开募股（IPO）价格，硬币已经失去了一半的价值。当年12月，加密货币股票的低点达到了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.

从那里开始，Coinbase股票逐渐恢复，最终使其恢复到2025年3月的170美元水平。为了进行比较，Coin的IPO价格为381美元，股票开盘价为每股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.

在过去的六个月中，Coinbase股票现在增长了42％。相比之下，世界上最大的加密货币比特币（BTC）在同一时期上涨了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%.

比特币占Coinbase交易量的32％。到目前为止，在2025年，比特币下降了12％，Coinbase下降了23％。在此之前，比特币在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的收入来自交易费，订阅和服务。交易费收入随加密价格增长和下降。更高的加密价格鼓励共同基础的更多收入交易，而下跌加密价格则相反。

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.

订阅和服务收入的波动性较小。自2022年以来，Coinbase几乎增加了这些收入的两倍，但在2024年，他们仅占总销售额的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.

即使订阅和服务收入上升，Coinbase股票价格变动也大致与比特币价格趋势保持一致。这是有道理的：比特币占Coinbase 2024交易量的32％。

Catalysts That May Impact Coinbase Stock Over The Next 3 Years

可能影响Coinbase库存的催化剂在未来3年内

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.

在未来三年中，可能会推动Coinbase股票价格上涨或更低的催化剂包括加密的性能，法规和诉讼趋势，机构交易量以及Coinbase的扩张工作。

Crypto Market Performance

加密市场表现

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.

对加密交易的热情对Coinbase的底线有益。但是，这种关系适得其反。自上市以来，Coinbase的表现不足。这提示了投资者对比特币上看涨的机会成本问题：直接投资比特币以获得更高的回报或投资Coinbase股票？任何一种策略都包括暴露于比特币的缺点。

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.

这不包括对经济新闻的反应性。在不久的将来，美国的任何经济衰退或通货膨胀的迹象都对加密价格和共同点都不利。

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.

从长远来看，下一个比特币减半将鼓励比特币欣赏，并有可能将其他加密货币提高。过度降低了新比特币的铸造速度。最后一半是在2024年4月，第二个应在2028年4月发生。

Regulations And Litigation

法规和诉讼

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.

许多人期望在特朗普总统的第二任期期间有一个轻型的监管环境。根据美联社的一份报告，特朗普已承诺。他还说，他将建立一个联邦加密保护区，并使美国成为加密货币的领导者。

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驳回了针对Coinbase的民事执法行动。 2023年的案件被指控Coinbase充当未注册的经纪人。

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.

在美国最高法院在反对加密交易所二元的案件中裁定支持SEC的裁定后，SEC宣布将其撤销对Coinbase的案件。特朗普总统表示，他计划削减中国对美国商品的关税后，消息传出。

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.

新闻之后，Coinbase Stock急剧上升。但是，当特朗普宣布他打算对越南商品征收关税时，该股票在会议晚些时候滑行。此举是由于对潜在贸易战的关注不断增加。

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.

特朗普政府已经对价值3600亿美元的中国商品征收了关税。 2024年12月，美国总统表示，他计划开始削减这些关税。

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

特朗普政府于2018年初开始对中国商品征收关税，因为政府指责中国不公平的贸易做法。

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

中国对美国商品的关税进行了报复，从那以后，两国就从事贸易战。

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.

美国政府表示，墨西哥的行动不足以减少非法越过美国边境的移民数量，美国还对墨西哥的商品征收关税。

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

特朗普政府威胁要对欧洲的汽车和汽车零件征收关税