According to The Block, analysts at research and brokerage Bernstein have begun tracking ratings of Coinbase, giving it a "performing better than the market" rating and setting a target price of $310, with a 69% increase from the current price. Analysts said in a client report released Tuesday that while critics are concerned about increasingly competitive and expense pressures from Coinbase, they overlooked the overall addressable market expansion as global crypto markets return to the United States, a phenomenon that analysts described as a “great return of the United States.” Bernstein expects that while Coinbase’s U.S. market share is expected to drop slightly to 60% in two years and a 20% reduction in retail price premium to maintain its dominance, its transaction revenue will grow at a CAGR of 34% by the end of 2026. Analysts also point to Coinbase’s other services, such as cryptocurrency staking income, custody services and Ethereum Layer 2 network Base, which expects a CAGR of 31% annual growth in non-transaction revenue over the same period, and overall at 33%.