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