Analysts Cut Coinbase (COIN) Price Targets Ahead of Q4 Earnings on Weaker Crypto Volumes

Coinbase (NASDAQ:COIN) shares fell 8% on Wednesday as analysts slashed price targets ahead of the company's Q4 2025 earnings call. COIN closed at $149, down 34% year-to-date. JPMorgan reduced its 2026 price target to $290 from $399, Cantor Fitzgerald lowered it to $221 from $277, and Citi trimmed its target to $400 from $505. The downgrade follows a broader crypto sell-off: Bitcoin down 27% to $66,853 in the last month and 47% from its October peak. Analysts warn of intensifying competition as OKX, Kraken, and Gemini pursue or complete U.S. listings, threatening Coinbase's regulated market share. Coinbase reports Q4 results after the market closes on Thursday, February 16, 2026.