Bitcoin and cryptocurrency prices have been on a roller coaster this year, crashing back after an April peak (subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover crypto blockbusters poised for 1,000% gains).
The bitcoin price rally coincided with the Nasdaq-debut of major U.S. crypto exchange Coinbase, helping drive attention to the stock but failing to prevent it from falling along with the bitcoin price since April.
Now, ahead of Coinbase’s closely-watched second-quarter earnings report being released tomorrow, analysts at Wall Street giant Goldman Sachs have reiterated their “buy” rating for Coinbase—predicting even a lower bitcoin price could be good for its earnings.
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