COIN Stock Rebounds Sharply as Analysts Eye $200 Amid Bitcoin Recovery and Regulatory Developments

COIN stock posted a strong rebound, drawing renewed attention from investors as buying interest returned alongside a broader recovery in Bitcoin. Coinbase shares surged nearly 19% in the past 24 hours, with analysts suggesting the stock could be setting up for a move above the $200 level if momentum continues. The rally also coincided with Binance’s announcement that it will launch a COINUSDT perpetual futures contract on February 9, 2026, adding another layer of market interest around Coinbase stock.

Market analysts pointed to historical price behavior and technical indicators to explain the rebound. Analyst Chad highlighted that COIN stock has reached its monthly Ichimoku cloud, a level often watched for trend shifts. He also noted that previous capitulation events in August 2024 and April 2025 left monthly candle wicks near the 0.618 logarithmic Fibonacci level, raising the possibility that the recent decline could be following a similar pattern. Analyst The Great Mattsby echoed this view, stating that COIN once again flushed toward the $158 area, a move that closely mirrors prior cycles. Enrich Trades added that a major support zone, in place since early 2024, continues to hold and that the recent 13% single-day gain opens the door for a fast rally toward $200, while risk remains defined below $145.

Price data reinforced the bullish narrative. COIN stock traded as high as $165.52 during the session and continued higher after hours at $165.80, according to Yahoo Finance. The daily range between $151.57 and $165.52 highlighted significant volatility, while the stock remained well below its 52-week high of $444.65. Coinbase’s market capitalization stood at approximately $44.53 billion, with average daily volume near 9.73 million shares and a price-to-earnings ratio of 14.29.

Beyond price action, Coinbase executives addressed regulatory pressure in the U.S. CEO Brian Armstrong warned that restrictive actions could push financial innovation offshore, while Chief Legal Officer Paul Grewal detailed an ongoing dispute with the Nevada Gaming Control Board over event contracts. Coinbase argues that the CFTC holds exclusive jurisdiction, a stance that continues to influence sentiment around COIN stock as investors weigh both technical momentum and regulatory risk.