This Top Investment Firm Says the Crypto Market Is Nearing a Bottom.
Here’s What It Could Mean for Coinbase
Investment firm William Blair recently cut its estimates for Coinbase (NASDAQ: COIN), the largest U.S. cryptocurrency exchange. Interestingly, it also reiterated an outperform rating for Coinbase, suggested that clients stay invested, and advised that the crypto market could be near its bottom. Coinbase stock has plummeted over the last year, from an all-time high of $445 on July 17, 2025, to $157 as of July 17, 2026.
Here are the details on William Blair’s analysis and whether this is a good buying opportunity for Coinbase. William Blair’s outlook on Coinbase and the crypto market William Blair reduced annual revenue estimates for Coinbase by 12% in 2026 and 13% in 2027. It also cut its EBITDA (earnings before interest, taxes, depreciation, and amortization) estimates by 34% for both years, and it expects Coinbase’s trading volume to fall 44% to $669 billion in 2026.