[Bank of America Upgrades Coinbase Stock Rating to 'Buy'] BlockBeats News, January 8: Bank of America has upgraded Coinbase's rating to 'Buy,' citing reasons such as accelerated product expansion, strategic adjustments, and a more attractive current valuation. Bank of America noted that Coinbase's stock price has retreated about 40% from its July peak, but product momentum is improving in the second half of the year. Bank of America emphasized that Coinbase is accelerating its layout in stocks, ETFs, and prediction markets; its Layer 2 network, Base, is seen as a critical infrastructure-level growth engine; meanwhile, Coinbase Tokenize is expected to become a significant catalyst for the tokenization of real-world assets (RWA). With the price-to-earnings ratio down approximately 40% from mid-2024 levels, Bank of America reaffirmed its $340 price target for Coinbase, implying an upside potential of about 38%, and believes that Coinbase is positioned for long-term industry leadership as it moves toward 2026.