Coinbase Stock Could Surge 65% as Crypto Market Recovers

Coinbase (NASDAQ: COIN) has seen significant declines in its stock price over the past year, down 46.55% and badly lagging the broader market.

The company's Q1 2026 results showed a revenue of $1.41 billion, falling 30.54% year-over-year and missing consensus by 4.72%. EPS came in at -$1.49 versus an estimate of $0.0444, weighed down by $482.40 million in markdowns on crypto held for investment.

Despite the challenges, Coinbase's subscription and services revenue reached 44% of net revenue in Q1, cushioning trading swings better than the 2022 crypto cycle.