<p>加密货币交易巨头 <strong>Coinbase Global</strong> (NASDAQ: COIN) 可能会在周四 市场收盘后 报告第一季度财务结果时为加密行业带来波动。</p><p>以下是收益预估、分析师在报告前的看法以及需要关注的关键事项。</p><p><strong>• Coinbase Global 股票面临下行压力。 COIN 股票将走向何方？</strong></p><h2><strong>Coinbase 第一季度收益预估</strong></h2><p>分析师预计 Coinbase 第一季度的收入为 15 亿美元，低于去年第一季度的 20.3 亿美元，数据来源于 Benzinga Pro.</p><p>该公司在过去六个季度中有四个季度未能达到分析师的收入预期，而在过去十个季度中有六个季度超出预期。</p><p>分析师预计 Coinbase 第一季度每股收益为 26 美分，低于去年第一季度的每股 1.94 美元。</p><p>该公司在过去十个季度中有八个季度的每股收益超出分析师预期，而在最近报告的第四季度未能达到预期。</p><p><strong>另请阅读：</strong><strong>Coinbase 正在削减中层管理，并围绕 AI 进行重建</strong></p><h2>分析师对 Coinbase 的看法</h2><p>Coinbase 最近宣布了一轮裁员，Rosenblatt 分析师 <strong>Chris Brendler</strong> 表示，这可能反映了公司面临的 &#34;挑战性环境&#34;。</p><p>该分析师在收益发布前重申了买入评级，目标价为 240 美元。</p><p>Brendler 基于交易活动疲软和稳定币收入压力下调了预估。</p><p>&#34;我们看到更好的日子即将到来，因为 CLARITY 应该会促进价格恢复，并为核心业务和 COIN 不断扩展的产品组合带来顺风。&#34; Brendler 说。</p><p>该分析师表示 Coinbase 仍然是 &#34;在加密领域中最具竞争力的公司&#34;。</p><p>&#34;尽管短期结果仍然承压，但我们认为投资者低估了 COIN 不断扩展的产品生态系统的长期影响。&#34;</p><p>Benchmark 分析师 <strong>Mark Palmer</strong> 最近将 Coinbase 股票的目标价从 267 美元下调至 260 美元，同时维持买入评级。</p><p>该分析师因加密行业的交易环境严峻而下调了 Coinbase 的预估。</p><p>&#34;持续的多元化努力和 CLARITY 法案的进展让我们保持乐观，&#34; Palmer 说。</p><p>Palmer 预计本季度的订阅和服务收入将显示出一些 &#34;韧性&#34;。</p><p>最近的裁员消息是朝着 &#34;以 AI 为首的运营模式&#34; 迈出的一步，而不是单纯的削减成本，Palmer 说。</p><p>Palmer 预计 Coinbase 将成为 &#34;CLARITY 法案&#34; 的主要受益者之一。</p><h2><strong>需要关注的关键事项</strong></h2><p>Coinbase 在 第四季度 的收入和每股收益均未达到分析师的预期。投资者和分析师将关注第一季度的扭转努力。</p><p>裁员消息将使公司削减约 14% 的全球员工，这可能会在收益发布前的时机掩盖结果。公司可以利用这一举措节省的成本作为指导的积极因素。</p><p>第四季度的交易收入较去年和前一季度下降，而订阅和服务收入同比增长。</p><p>该公司一直在努力实现收入多元化，目前有 12 个产品的年化收入达到 1 亿美元。这种多元化可能会在第一季度有所帮助。这是公司实现 &#34;全能交易所&#34; 目标的一部分，这一目标在第四季度的股东信中得到了重新关注。</p><p>第一季度 <strong>比特币</strong> (CRYPTO: BTC] 的价格也可能有所帮助。比特币在一月份交易超过 90,000 美元，但到第一季度末降至约 69,000 美元。领先加密货币的波动性可能导致该行业的更多交易。</p><p>比特币在第二季度反弹，价格在撰写时超过 81,000 美元。这一反弹可能成为指导和未来预期的关键话题。</p><p>总体而言，Coinbase 的季度业绩可能会令人失望，但这为全年及 CLARITY 法案是否通过后的机会和预期奠定了基础。</p><h2><strong>Coinbase 股票价格动态</strong></h2><p>Coinbase 股票在周三小幅下跌至 196.25 美元，52 周交易区间为 139.36 至 444.65 美元。Coinbase 股票在 2026 年迄今下跌 13.5%，而在过去 52 周几乎持平。</p><p><strong>另请阅读：</strong><strong>Coinbase 首席执行官 Brian Armstrong 表示，在关于 CLARITY 法案稳定币收益条款的妥协后，'标记它'。</strong></p><p><em>图片来源于 Shutterstock 由 Thrive Studios 提供 ID</em></p>

GBTC

COIN

<p>Coinbase Global（纳斯达克代码：COIN）即将公布其第一季度财务业绩，这可能会影响加密货币行业。分析师预测收入将下降至 15 亿美元，每股收益为 26 美分。近期的裁员反映出艰难的市场环境，但分析师仍然保持乐观，指出长期增长潜力。需要关注的关键事项包括交易收入趋势和比特币价格波动的影响。Coinbase 股票目前下跌至 196.25 美元，年初至今下降了 13.5%</p>

<p>Cryptocurrency exchange giant <strong>Coinbase Global</strong> (NASDAQ: COIN) could create volatility for the crypto sector when the company reports first-quarter financial results Thursday after market close.</p>
<div class="lb-trans"><p>加密货币交易巨头 <strong>Coinbase Global</strong> (NASDAQ: COIN) 可能会在周四 市场收盘后 报告第一季度财务结果时为加密行业带来波动。</p>
</div><p>Here are the earnings estimates, what analysts are saying ahead of the report and the key items to watch.</p>
<div class="lb-trans"><p>以下是收益预估、分析师在报告前的看法以及需要关注的关键事项。</p>
</div><p><strong>• Coinbase Global stock is showing downward pressure. Where is COIN stock headed?</strong></p>
<div class="lb-trans"><p><strong>• Coinbase Global 股票面临下行压力。 COIN 股票将走向何方？</strong></p>
</div><h2><strong>Coinbase Q1 Earnings Estimates</strong></h2>
<div class="lb-trans"><h2><strong>Coinbase 第一季度收益预估</strong></h2>
</div><p>Analysts expect Coinbase to report first-quarter revenue of $1.50 billion, down from $2.03 billion in last year's first quarter, according to data from Benzinga Pro.</p>
<div class="lb-trans"><p>分析师预计 Coinbase 第一季度的收入为 15 亿美元，低于去年第一季度的 20.3 亿美元，数据来源于 Benzinga Pro.</p>
</div><p>The company has missed analyst estimates for revenue in four of the last six quarters, while beating estimates in six of the last 10 quarters overall.</p>
<div class="lb-trans"><p>该公司在过去六个季度中有四个季度未能达到分析师的收入预期，而在过去十个季度中有六个季度超出预期。</p>
</div><p>Analysts expect Coinbase to report 26 cents per share in earnings for the first quarter, down from $1.94 per share in last year's first quarter.</p>
<div class="lb-trans"><p>分析师预计 Coinbase 第一季度每股收益为 26 美分，低于去年第一季度的每股 1.94 美元。</p>
</div><p>The company has beaten analyst estimates for earnings per share in eight of the past 10 quarters, while missing estimates in the most recently reported fourth quarter.</p>
<div class="lb-trans"><p>该公司在过去十个季度中有八个季度的每股收益超出分析师预期，而在最近报告的第四季度未能达到预期。</p>
</div><p><strong>Read Also:</strong>
<strong>Coinbase Is Gutting Middle Management—And Rebuilding Around AI</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>Coinbase 正在削减中层管理，并围绕 AI 进行重建</strong></p>
</div><h2>What Coinbase Analysts Are Saying</h2>
<div class="lb-trans"><h2>分析师对 Coinbase 的看法</h2>
</div><p>Coinbase recently announced a round of layoffs, which Rosenblatt analyst <strong>Chris Brendler</strong> said could reflect &#34;challenging conditions&#34; for the company.</p>
<div class="lb-trans"><p>Coinbase 最近宣布了一轮裁员，Rosenblatt 分析师 <strong>Chris Brendler</strong> 表示，这可能反映了公司面临的 &#34;挑战性环境&#34;。</p>
</div><p>The analyst reiterated a Buy rating with a price target of $240 ahead of earnings.</p>
<div class="lb-trans"><p>该分析师在收益发布前重申了买入评级，目标价为 240 美元。</p>
</div><p>Brendler is lowering estimates based on weaker trading activity and pressure on stablecoin revenue.</p>
<div class="lb-trans"><p>Brendler 基于交易活动疲软和稳定币收入压力下调了预估。</p>
</div><p>&#34;We see better days ahead as CLARITY should spur price recovery and add tailwinds not only to the core franchise but also COIN's expanding product suite,&#34; Brendler said.</p>
<div class="lb-trans"><p>&#34;我们看到更好的日子即将到来，因为 CLARITY 应该会促进价格恢复，并为核心业务和 COIN 不断扩展的产品组合带来顺风。&#34; Brendler 说。</p>
</div><p>The analyst says Coinbase remains &#34;the best positioned name in crypto.&#34;</p>
<div class="lb-trans"><p>该分析师表示 Coinbase 仍然是 &#34;在加密领域中最具竞争力的公司&#34;。</p>
</div><p>&#34;While near-term results remain under pressure, we believe investors are underestimating the long-term impact of COIN's expanding product ecosystem.&#34;</p>
<div class="lb-trans"><p>&#34;尽管短期结果仍然承压，但我们认为投资者低估了 COIN 不断扩展的产品生态系统的长期影响。&#34;</p>
</div><p>Benchmark analyst <strong>Mark Palmer</strong> recently cut the price target on Coinbase stock from $267 to $260, while maintaining a Buy rating.</p>
<div class="lb-trans"><p>Benchmark 分析师 <strong>Mark Palmer</strong> 最近将 Coinbase 股票的目标价从 267 美元下调至 260 美元，同时维持买入评级。</p>
</div><p>The analyst is lowering estimates on Coinbase due to the challenging trading environment for the crypto sector.</p>
<div class="lb-trans"><p>该分析师因加密行业的交易环境严峻而下调了 Coinbase 的预估。</p>
</div><p>&#34;Continued diversification efforts and CLARITY Act progress keep us bullish,&#34; Palmer said.</p>
<div class="lb-trans"><p>&#34;持续的多元化努力和 CLARITY 法案的进展让我们保持乐观，&#34; Palmer 说。</p>
</div><p>Palmer expects subscription and services revenue to show some &#34;resilience&#34; in the quarter.</p>
<div class="lb-trans"><p>Palmer 预计本季度的订阅和服务收入将显示出一些 &#34;韧性&#34;。</p>
</div><p>The recent news of the job cuts is a move towards an &#34;AI-first operating model&#34; and less about cost-cutting, Palmer said.</p>
<div class="lb-trans"><p>最近的裁员消息是朝着 &#34;以 AI 为首的运营模式&#34; 迈出的一步，而不是单纯的削减成本，Palmer 说。</p>
</div><p>Palmer expects Coinbase to be &#34;one of the primary beneficiaries of the CLARITY Act.&#34;</p>
<div class="lb-trans"><p>Palmer 预计 Coinbase 将成为 &#34;CLARITY 法案&#34; 的主要受益者之一。</p>
</div><h2><strong>Key Items to Watch</strong></h2>
<div class="lb-trans"><h2><strong>需要关注的关键事项</strong></h2>
</div><p>Coinbase missed estimates from analysts for both revenue and earnings per share in the fourth quarter. Investors and analysts will be looking for something of a turnaround effort in the first quarter.</p>
<div class="lb-trans"><p>Coinbase 在 第四季度 的收入和每股收益均未达到分析师的预期。投资者和分析师将关注第一季度的扭转努力。</p>
</div><p>The layoff news, which will see the company cut around 14% of its global workforce, will likely overshadow results given the timing of the announcement right before earnings. The company could use the cost savings from the effort as a positive for guidance.</p>
<div class="lb-trans"><p>裁员消息将使公司削减约 14% 的全球员工，这可能会在收益发布前的时机掩盖结果。公司可以利用这一举措节省的成本作为指导的积极因素。</p>
</div><p>Transaction revenue fell in the fourth quarter from the prior year and prior quarter, while subscription and services revenue was up on a year-over-year basis.</p>
<div class="lb-trans"><p>第四季度的交易收入较去年和前一季度下降，而订阅和服务收入同比增长。</p>
</div><p>The company has worked on diversifying away from transaction revenue, with 12 products now having annualized revenue of $100 million. That diversification could help in the first quarter. This is part of the company’s goal of being the “everything exchange,” an item that got renewed focus in the fourth-quarter shareholder letter.</p>
<div class="lb-trans"><p>该公司一直在努力实现收入多元化，目前有 12 个产品的年化收入达到 1 亿美元。这种多元化可能会在第一季度有所帮助。这是公司实现 &#34;全能交易所&#34; 目标的一部分，这一目标在第四季度的股东信中得到了重新关注。</p>
</div><p>Also potentially helping could be the price of <strong>Bitcoin</strong> (CRYPTO: BTC) in the first quarter. Bitcoin traded over $90,000 in January before falling to around $69,000 by the end of the first quarter. The volatility in the leading cryptocurrency may have led to more trading in the sector.</p>
<div class="lb-trans"><p>第一季度 <strong>比特币</strong> (CRYPTO: BTC] 的价格也可能有所帮助。比特币在一月份交易超过 90,000 美元，但到第一季度末降至约 69,000 美元。领先加密货币的波动性可能导致该行业的更多交易。</p>
</div><p>Bitcoin is rebounding in the second quarter with the price over $81,000 at the time of writing. This rebound could be a key topic for guidance and future expectations.</p>
<div class="lb-trans"><p>比特币在第二季度反弹，价格在撰写时超过 81,000 美元。这一反弹可能成为指导和未来预期的关键话题。</p>
</div><p>Overall, Coinbase's quarter could be a disappointment, but one that sets up opportunities and expectations for the rest of the year and for when and if the CLARITY Act passes.</p>
<div class="lb-trans"><p>总体而言，Coinbase 的季度业绩可能会令人失望，但这为全年及 CLARITY 法案是否通过后的机会和预期奠定了基础。</p>
</div><h2><strong>Coinbase Stock Price Action</strong></h2>
<div class="lb-trans"><h2><strong>Coinbase 股票价格动态</strong></h2>
</div><p>Coinbase stock is down slightly to $196.25 on Wednesday versus a 52-week trading range of $139.36 to $444.65. Coinbase stock is down 13.5% year-to-date in 2026 and nearly flat over the last 52 weeks.</p>
<div class="lb-trans"><p>Coinbase 股票在周三小幅下跌至 196.25 美元，52 周交易区间为 139.36 至 444.65 美元。Coinbase 股票在 2026 年迄今下跌 13.5%，而在过去 52 周几乎持平。</p>
</div><p><strong>Read Also:</strong>
<strong>Coinbase CEO Brian Armstrong Says 'Mark It Up' After Reported Compromise On Clarity Act's Stablecoin Yields Clause</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>Coinbase 首席执行官 Brian Armstrong 表示，在关于 CLARITY 法案稳定币收益条款的妥协后，'标记它'。</strong></p>
</div><p><em>Image via Shutterstock By Thrive Studios ID</em></p>
<div class="lb-trans"><p><em>图片来源于 Shutterstock 由 Thrive Studios 提供 ID</em></p>
</div>

Coinbase Q1 Preview: 'Everything Exchange' Dream Faces First Test After Shock Layoffs

- Coinbase 预计第一季度营收为 $15 亿，低于去年同期的 $20.3 亿。
- 最近裁员约 14% 的消息可能对财报产生影响。
- 尽管面临挑战，分析师对 Coinbase 的长期发展依然持乐观态度。

benzinga_article

Grayscale Bitcoin Trust BTC - ETF

Grayscale Bitcoin Mini Trust ETF

Coinbase

Bitwise Bitcoin ETF

CoinShares Bitcoin ETF

ProShares Bitcoin Strategy ETF

WisdomTree Bitcoin Fund

Invesco Galaxy Bitcoin ETF

iShares Bitcoin Trust ETF

Fidelity Wise Origin Bitcoin Fund - ETF

2 倍做多加密货币行业 ETF - Direxion

Grayscale Bitcoin Adopters ETF

VanEck Bitcoin ETF

ARK 21Shares Bitcoin ETF

Coinbase 第一季度展望：在震惊的裁员之后，'一切交易所'的梦想面临首次考验