JPMorgan Chase (NYSE: JMP), the world's largest bank in terms of market capitalization, is well-known for its predictions on the cryptocurrency market.
Though JPMorgan has faced accusations of debanking from the industry, the banking giant is reportedly planning to launch crypto trading services for institutional clients.
Amid the ongoing crypto market crash, the bank recently said Bitcoin (BTC) could eventually hit $266,000.
Now, the bank has slashed the price target of Coinbase Global (Nasdaq: COIN) ahead of the crypto exchange's earnings report.
Related: Treasury Secretary Bessent warns over Coinbase stance on key legislation
Coinbase to release Q4 2025 earnings report
Brian Armstrong and Fred Ehrsam founded Coinbase in 2012 and turned it into the largest crypto trading exchange in the United States.
The company went public in 2021 and earned a spot on the S&P 500 index in May 2025. Last year, it also acquired the world's largest crypto derivatives trading exchange, Deribit.
Coinbase has been aggressively working to build an "Everything Exchange" where everything—traditional stocks, cryptocurrencies, tokenized assets, and prediction markets—is available on a single platform.
The exchange had been a major supporter of the crypto market structure bill but last month pulled out support for the Senate draft over the restriction on stablecoin rewards. The negotiations are still going on.
When the crypto exchange reported its Q3 2025 financial results in October, its EPS of $1.5 beat estimates by 45%.
It will release its fourth quarter and full year 2025 financial results on Feb. 12 after market close.
More News:
JPMorgan lowers Coinbase stock price target
Ahead of the earnings, JPMorgan analyst Kenneth Worthington slashed its price target on the crypto exchange by 27% while maintaining an "Overweight" rating, Investing.com reported on Feb. 10.
Worthington cited a less constructive crypto operating environment as the primary reason for lowering the price target.
The analyst expects Coinbase’s earnings per share (EPS) in Q4 2025 to significantly decline year-over-year due to lower crypto trading volumes and market capitalizations.
"In SS&O, we model revenue below the guide at $670mn (guide $710-790mn) given softness in crypto prices, staking yields, and lower USDC growth and reserve rates."
He, however, expects Deribit's revenue to slightly offset some of Coinbase's earnings decline.
Latest, Worthington has lowered the Coinbase stock's price target from $399 to $290.
The COIN stock touched an all-time high (ATH) of $444.65 on July 18, 2025. It was trading at $166.44 at press time, down 0.5% in a day. So, even the lowered price target represents an upside of nearly 75% from the current price.
This story was originally published by TheStreet on Feb 10, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
