Coinbase Stock Slides as Revenue, Regulation, and Market Fears Weigh on COIN

Coinbase stock extended its recent decline today as investor concerns around revenue performance, regulatory uncertainty, and broader crypto market weakness continue to pressure the shares. Trading data from TradingView shows COIN stock falling nearly 2% to around $218 after opening near $222. The decline adds to an 8% loss over the past five days and leaves the stock down roughly 4% year-to-date, highlighting growing caution around crypto equities.

One of the main drivers behind the drop is a renewed bearish stance from Compass Point analysts, who reiterated their sell rating and maintained a $190 price target. The firm warned that Coinbase could miss Q4 revenue expectations, modeling a 4% shortfall across both trading activity and subscription and services revenue. Analysts also pointed to weaker trading volumes across the crypto market, which directly impacts Coinbase’s core business and near-term growth prospects.

Coinbase’s upcoming Q4 earnings call on February 12 is another focal point for investors. Market participants are bracing for underwhelming fourth-quarter results and softer Q1 2026 guidance. Adding to the uncertainty is the delay surrounding the CLARITY Act, a key piece of crypto legislation that could provide regulatory clarity for the industry. Analysts do not expect meaningful progress on the bill before Coinbase reports earnings, with recent reports suggesting any markup may be pushed to late February or March.

Several technical analysts believe COIN stock could fall further before finding a sustainable bottom. Some see ongoing risk-off conditions, noting that while the stock appears relatively cheap, sentiment remains fragile. However, others point out that holding the $200 to $220 range could allow a base to form, with a move above $250 acting as a stronger bullish confirmation.

Despite the bearish tone, optimism remains among some market watchers. Analyst Danny Marques highlighted that similar pessimism surrounded COIN when it traded near $140 before rallying sharply. He noted that multiple weekly indicators have reset and that price action above the Ichimoku Cloud has historically preceded major reversals. With selling pressure easing and volatility compressing, Marques believes Coinbase stock may be nearing the end of its correction, leaving room for a potential long-term rebound into 2026.