Coinbase Soars to $100 Billion Valuation Amid Bitcoin Rally and Regulatory Tailwinds

Coinbase Global Inc. has achieved a monumental milestone, reaching a $100.36 billion market capitalization during Monday's trading session. This historic valuation was driven by Bitcoin's record-breaking performance over the weekend, which has fueled widespread optimism in the cryptocurrency market. Coinbase's shares rose 1.8% to $394.01, with an intraday peak of $398.50, reflecting strong investor confidence. The exchange's stock has surged 50% monthly, bolstered by favorable regulatory developments and the successful IPO of Circle. This achievement underscores the growing mainstream acceptance of cryptocurrencies and the pivotal role of platforms like Coinbase in the digital asset ecosystem.

Coinbase Hits $100 Billion Valuation as Bitcoin Rally Fuels Crypto Market Optimism

Coinbase Global Inc. reached a historic $100.36 billion market capitalization during Monday's trading session, buoyed by Bitcoin's record-breaking weekend performance. The crypto exchange's shares climbed 1.8% to $394.01, briefly touching an intraday high of $398.50.

The milestone comes amid a 50% monthly surge in Coinbase stock, fueled by favorable regulatory developments and the successful IPO of Circle Internet Group. Bitwise Chief Investment Officer Matt Hougan has projected the exchange could eventually achieve trillion-dollar status, reflecting growing institutional confidence in digital assets.

Coinbase's May inclusion in the S&P 500 index marked a watershed moment for cryptocurrency adoption, establishing the platform as the first pure-play crypto company in the benchmark. Non-transaction revenue grew to $772 million in Q1, demonstrating diversified income streams beyond trading fees.

Bernstein Predicts Bitcoin Could Reach $200,000 by 2026

Bernstein analysts have reaffirmed their bullish outlook on Bitcoin, projecting a price target of $200,000 by early 2026. The forecast hinges on institutional adoption, regulatory clarity, and the growth of spot Bitcoin ETFs, which collectively hold over $150 billion in assets. BlackRock alone accounts for $84 billion of these holdings.

This cycle marks a departure from retail-driven booms, with institutions now leading the charge. Major corporations are increasingly allocating to Bitcoin, reinforcing its role as a treasury asset. Regulatory progress in the U.S., including the GENIUS and Clarity Acts, is expected to accelerate adoption and solidify the position of regulated firms like Coinbase.

The analysts describe the current bull market as "long and exhausting," but their conviction in blockchain and digital assets remains unwavering. bitcoin recently set a fresh all-time high above $123,000, further validating their optimistic stance.