September May Experience The Coinbase Stock Reemergence of The Decade – Here’s The Reason
Coinbase stock (TOKEN) has dropped over 30% from its peak in July, yet analysts at 99Bitcoins and others are hesitant to label it a collapse.
Mizuho Financial, which previously had doubts about CRYPTO TOKEN stock, has raised its price target from $217 to $267. The boost comes from an increase in trading volumes in July following a stagnant second quarter.
Nevertheless, the sentiment is still wary. Mizuho maintained its neutral rating, pointing to a 45% decline in consumer spot trading and a 39% fall in transaction revenue in the last quarter.
“Despite this quarter’s low trading volumes, July has experienced a recovery… indicating enhanced trading market activity,” – Mizuho analyst note, August 2025
Trump Ignited Summer Surge for Coinbase Stock
A significant amount of Coinbase’s recent movements relates back to July’s legislative efforts. COIN rose notably after President Donald Trump enacted the GENIUS Act, the first law at the federal level to lay out a regulatory framework for stablecoins. This optimism allowed TOKEN to join the S&P 500, but the increase was short-lived.
Following a mid-July peak, the stock reversed direction and now trades below Mizuho’s updated target of $297.87 as of Wednesday morning’s trading session.
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At the same time, Citi analysts are optimistic, raising their target from $270 to $505, betting that Coinbase will gain from clearer regulations and increasing 
Bitcoin ▲0.14% prices.
In the second quarter, Coinbase reported a net income of $1.43 billion, a substantial increase from $66 million last quarter and just $36 million a year ago. The protocol processed $237 billion in trading volume, a slight uptick from $226 billion in Q2 2024, though most of this came from institutional investors, not consumers, a trend seen throughout the digital currency trading market currently.
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Data Context: Index Trends Indicate Slowing Retail Activity
According to CoinGlass data, ERC-20 coin activity in Coinbase custody wallets has decreased, indicating a decline in non-BTC crypto market demand.
However, this lull may be temporary. Stablecoin inflows into Coinbase-related wallets remain consistent, suggesting that capital is being held rather than withdrawn.
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Final Thoughts: Bullish Targets vs. Pessimistic Reality?
There are grounds for long-term optimism with Trump’s stablecoin legislation and the increase in trading volume during July. While Coinbase stock may be cooling off after a hot streak, the majority of analysts anticipate this is a temporary hesitation.
Coinbase may not have expended all its energy yet, but it’s evidently moving into a more conservative pace for the time being.
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Key Takeaways
- Coinbase stock (COIN) is down more than 30% since its July peak, but 99Bitcoins analysts and others aren’t ready to call it a collapse.
- All eyes are on Jerome Powell next week as inflation lingers and labor metrics soften.
The post September Could Witness The Coinbase Stock Come Back of the Decade – Here’s Why appeared first on 99Bitcoins.
