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**Coinbase Stock Jumps as Bitcoin Soars and Congress Eyes Crypto Legislation**

**New York, NY -** Shares of Coinbase Global (COIN) surged on Monday, fueled by Bitcoin’s near-record highs and anticipation of crypto-friendly legislation in Congress this week. The stock climbed roughly 2% as Bitcoin (BTCUSD) traded above $120,000, continuing its bull run.

Analysts are increasingly optimistic about Coinbase’s prospects. Oppenheimer raised its price target for the cryptocurrency exchange operator to $417, citing the potential for “mass adoption of digital assets” if Congress passes key bills like the GENIUS Act and the Digital Asset Market Clarity Act. Oppenheimer believes these bills, which aim to establish frameworks for stablecoins and broader crypto market regulation, would “legitimize this space and drive adoption.”

“We believe Coinbase is well positioned to benefit from the new market,” said an Oppenheimer analyst in a research note.

Argus Research also initiated coverage of Coinbase with a $400 price target, highlighting the exchange’s “promising growth runway.” This optimistic outlook follows a strong performance for Coinbase stock, which is already up 59% year-to-date.

While analysts remain positive, they caution that the pace and outcome of Congressional action remain uncertain. However, the confluence of rising Bitcoin prices and potential regulatory clarity is creating a bullish environment for Coinbase, the largest cryptocurrency exchange in the U.S.

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