William Blair cuts Coinbase forecasts but says crypto downturn nearing a bottom

60-second summary

William Blair analysts expect Coinbase's earnings to hit a bottom in the second half of 2026 before rebounding next year, citing improved fundamentals and reduced competition. They've cut their price target to $150 from $180, reflecting a cautious outlook. The crypto downturn is nearing a bottom, with investors poised to capitalize on potential rebounds in the sector.