The post Citi cuts outlook to $400 on crypto sell-off appeared on BitcoinEthereumNews.com.

Analysts at Citigroup lowered expectations for Coinbase stock following a steep pullback in crypto markets and ongoing uncertainty around U.S. regulation. Citi slashes Coinbase price target after crypto sell-off Wall Street bank Citigroup has scaled back its bullish stance on Coinbase (COIN), cutting its price target to $400 from $505 amid a broad risk-off move across digital assets. However, the bank continues to see long-term upside despite the stock’s 65% decline from its record high near $450. In a note to clients released on Friday, analysts cited weaker trading volumes, softer institutional activity and persistent uncertainty over when comprehensive U.S. crypto legislation will pass. Moreover, they described the recent crypto market turmoil as a key factor in dialing back near-term expectations for the exchange. The new $400 price objective still implies more than a doubling from COIN’s most recent close of $146. The same analyst team had lifted its target to $505 in July 2025, when the Coinbase global stock price was surging toward all-time highs around $450. Short-term reset but buy rating and high risk stance remain Despite the downward revision, Citigroup reiterated its buy/high risk rating, describing Coinbase as the category leader among U.S. crypto exchanges. That said, the bank still sees regulatory clarity as the primary lever to reignite investor enthusiasm for the name. Shares of COIN were up about 6% in pre-market trading on Friday, as crypto assets rebounded slightly from Thursday’s sharp sell-off. During that session, Bitcoin slid to around $60,000, intensifying concerns about volatility and liquidity across the sector. Citigroup highlighted progress on the CLARITY market structure initiative as the main catalyst for restoring momentum in the stock. The bank’s analysts noted that, in their view, the path of U.S. policy remains more important for valuation than short-term swings in trading volumes or token…

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Filed under: News - @ February 6, 2026 3:22 pm