{"id":90696,"date":"2026-05-08T15:01:36","date_gmt":"2026-05-08T15:01:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=90696"},"modified":"2026-05-08T15:01:36","modified_gmt":"2026-05-08T15:01:36","slug":"coinbase-lost-394-million-in-q1-so-why-is-bernstein-calling-for-71-upside","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=90696","title":{"rendered":"Coinbase Lost $394 Million In Q1\u2014 So Why Is Bernstein Calling For 71% Upside?"},"content":{"rendered":"<div>\n<p><strong>Coinbase Global Inc.<\/strong> <a class=\"ticker-link\" data-ticker=\"COIN\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/COIN\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/COIN\">COIN<\/a>) posted a $394 million net loss in Q1, but <strong>Bernstein<\/strong> maintains its outperform rating and $330 price target, implying 71% upside from Thursday\u2019s close at $192.96.<\/p>\n<h3 class=\"wp-block-heading\">Q1 Results Miss Across The Board<\/h3>\n<p>Coinbase revenue <a href=\"https:\/\/www.benzinga.com\/markets\/earnings\/26\/05\/52392078\/coinbase-q1-highlights-double-miss-market-share-record-high-prediction-markets-one-of-fastest-product-launches-ever\">came<\/a> in at $1.41 billion at its earnings cal, missing estimates by 5%. Adjusted EBITDA of $303 million fell 26% short of expectations.\u00a0<\/p>\n<p>The company posted a net loss of $394.1 million, reflecting $482 million in unrealized losses tied to its crypto investment portfolio.<\/p>\n<p>Weaker crypto markets weighed on both trading activity and subscription revenue. <\/p>\n<p>Total crypto market capitalization and industry trading volumes both dropped more than 20% from the prior quarter.<\/p>\n<p>Total spot trading volume fell 25% quarter-over-quarter to $202 billion. <\/p>\n<p>Retail trading volume dropped 36% to $36 billion, while monthly transacting users declined 10% to 8.2 million.<\/p>\n<h3 class=\"wp-block-heading\">The Everything Exchange Strategy Takes Shape<\/h3>\n<p>Bernstein analysts led by <strong>Gautam Chhugani<\/strong> <a ...><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52414599\/coinbase-lost-394-million-in-q1-so-why-is-bernstein-calling-for-71-upside?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Coinbase\" lost million in q1 so why is bernstein calling for upside>Full story available on Benzinga.com<\/a><\/p>\n<p><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Global Inc. (NASDAQ:COIN) posted a $394 million net loss in Q1, but Bernstein maintains its outperform rating and $330 price target, implying 71% upside from Thursday\u2019s close at $192.96. Q1 Results Miss Across The Board Coinbase revenue came in at $1.41 billion at its earnings cal, missing estimates by 5%. Adjusted EBITDA of $303 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-90696","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/90696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90696"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/90696\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}