Bernstein analyst Gautam Chhugani has assigned a Street-high price target of $330 for Coinbase Global (COIN), suggesting a potential 77% upside from its current trading price of $186.49. This optimistic outlook comes despite Coinbase experiencing three consecutive quarterly earnings misses and an 18% year-to-date decline. Chhugani's thesis is anchored on Coinbase's structural high-margin revenue growth beyond retail trading fees, an ongoing crypto liquidity supercycle driven by spot Bitcoin and Ethereum ETF flows, and regulatory clarity that could shift trading volume to compliant US platforms.