U.S. Tiger Securities Upgrades Coinbase to Buy on July 7 with $200 Price Target

According to U.S. Tiger Securities analyst Bo Pei on July 7, Coinbase Global (NASDAQ: COIN) was upgraded to Buy from Hold with a $200 price target. The upgrade reflects optimism on Bitcoin's near-term trajectory rather than Coinbase-specific catalysts. The firm believes Bitcoin has likely entered the final quarter of its bear-market cycle, with most of the de-risking already complete. Bitcoin was trading at $63,800 at press time, down roughly 54% from its October 2025 cycle high.
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