{"id":69881,"date":"2026-02-12T19:56:34","date_gmt":"2026-02-12T19:56:34","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/02\/12\/coinbase-takes-fresh-blows-with-the-crypto-rout-deepening\/"},"modified":"2026-02-12T19:56:34","modified_gmt":"2026-02-12T19:56:34","slug":"coinbase-takes-fresh-blows-with-the-crypto-rout-deepening","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/02\/12\/coinbase-takes-fresh-blows-with-the-crypto-rout-deepening\/","title":{"rendered":"Coinbase takes fresh blows with the crypto rout deepening"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<br \/><br \/>\n<iframe loading=\"lazy\" title=\"Chances of market correction &#039;substantially higher&#039; than expected\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/lAtbd8qiWwo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<\/iframe><\/p>\n<p> A drumbeat of bearish signals is building across the <\/p>\n<p>                        crypto industry<\/p>\n<p>                        , with <\/p>\n<p>                        Standard Chartered<\/p>\n<p>                         slashing its <\/p>\n<p>                        Bitcoin<\/p>\n<p>                         price target and <\/p>\n<p>                        Coinbase Global Inc.<\/p>\n<p>                         getting cut to sell as momentum traders struggle to push Bitcoin back toward its highs. <\/p>\n<p> Standard Chartered lowered its year-end 2026 Bitcoin forecast to US$100,000 from US$150,000 \u2014 and from US$300,000 just months earlier \u2014 warning the cryptocurrency could drop to US$50,000 before stabilizing. The bank pointed to weakening price momentum and a tougher macro backdrop while the token tumbled again Thursday, dropping as much as four per cent to US$65,079. <\/p>\n<p> \u201cBitcoin had a horrible year, and why do I think it happened?\u201d Michael Novogratz, head of Galaxy Digital, said Thursday during a conference in New York. \u201cI think we crossed US$100,000. As you had <\/p>\n<p>                        the ETFs<\/p>\n<p>                         and the DATs coming in to buy Bitcoin, they were met with sellers. And once the buying stopped, it doesn\u2019t take a lot of buying to push it back the other direction.\u201d <\/p>\n<p> At the same time, Monness, Crespi, Hardt &amp; Co. downgraded Coinbase to sell, calling assumptions of a steady recovery \u201cfoolish + facile\u201d given the typical length of crypto bear markets. The brokerage cut its price target by 68 per cent to a street-low US$120 and lowered revenue and earnings estimates through 2027. Coinbase fell for a third day, and was \u00a0down about eight per cent to US$140. <\/p>\n<p> Bitcoin has fallen more than 45 per cent from its October peak near just over US$126,000 and has repeatedly failed to sustain rebounds, a sign that speculative demand is thinning. The broader crypto market has shed nearly US$2 trillion in value over the same stretch. <\/p>\n<p><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" fifu-data-src=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/qw_Analysts_See_Lower_Stock_Price_For_Coinbase_Than_a_Year_Ago.jpg?ssl=1\" title=\"\" \/><\/p>\n<p> The Monness Crespi downgrade follows at least five other price target cuts in February by Wall Street analysts of the <\/p>\n<p>                        largest United States crypto exchange<\/p>\n<p>                        , which has seen its shares tumble almost 40 per cent this year. <\/p>\n<p> Coinbase, which will release fourth-quarter results after the close of equity trading, published a company-compiled list of consensus financial performance estimates earlier Thursday. \u00a0Analysts surveyed by Bloomberg expect Coinbase to report fourth-quarter earnings of 86 cents per share, an over 80 per cent year-over-year decline, but Coinbase\u2019s own set of analyst consensus predicts even worse results, a loss of five cents per share. <\/p>\n<p> On Thursday, Coinbase said customers may be unable to buy, sell, transfer on its website, and its team is investigating the issue. \u201cYour funds are safe,\u201d the company said in a post on social network X. A Coinbase representative pointed to the post when asked for comment on the outage. <\/p>\n<p> The synchronized downgrades highlight a shift in tone across <\/p>\n<p>                        crypto\u2019s institutional ecosystem<\/p>\n<p>                        . Last year\u2019s rebound narrative hinged on renewed risk appetite and breakout momentum. Instead, rallies have stalled, buyers have hesitated and analysts are dialing back expectations. <\/p>\n<p> \u201cThis selloff has been less extreme than previous ones and has not seen the collapse of any digital asset platforms,\u201d Standard Chartered\u2019s Geoffrey Kendrick wrote. That may signal a maturing market \u2014 but one where fading momentum, rather than fresh inflows, now sets the tone. <\/p>\n<p> One modicum of solace: analysts at JPMorgan Chase &amp; Co. argue that the retail cohort has largely \u201cignored\u201d the recent crypto selloff. The group\u2019s net positioning in IBIT, the largest spot-Bitcoin ETF, has remained roughly flat since mid-January, they wrote in a note Thursday. <\/p>\n<p> <em>\u2014With assistance from Sidhartha Shukla, Melos Ambaye and Olga Kharif.<\/em> <\/p>\n<p> Bloomberg.com <\/p>\n<ul class=\"related_links\">\n<li>White House summons Coinbase, banks to hash out crypto bill<\/li>\n<li>Crypto traders flee to prediction bets after US$150 billion crash<\/li>\n<\/ul>\n<p><iframe loading=\"lazy\" title=\"How ordinary investors can tap into the gold, silver boom\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/Dk0ZIXFlDBc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<\/iframe><br \/>\n<br \/>\n<br \/>Coinbase takes fresh blows with the crypto rout deepening<\/a><br \/>\n<br \/>2026-02-12 19:56:34<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A drumbeat of bearish signals is building across the crypto industry , with Standard Chartered slashing its Bitcoin price target and Coinbase Global Inc. getting cut to sell as momentum&#8230;<\/p>\n","protected":false},"author":2,"featured_media":69882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/0213-mg-coinbase.jpg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-69881","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/69881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=69881"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/69881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/69882"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=69881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=69881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=69881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}