Coinbase’s stock value has experienced a significant decline in the first quarter of 2025, dropping approximately 30%. This marks one of the worst quarterly performances since the FTX collapse at the end of 2022. The broader cryptocurrency market has also seen a downturn, with Bitcoin falling over 10% and Ether plummeting by 45%. Factors contributing to this decline include Bitcoin’s downward trend from its January peak, with its price dropping to a three-month low, as well as economic concerns such as proposed tariffs and inflation worries. 3% drop in Bitcoin’s price to over $83,700 in March led to Coinbase’s shares falling by 7%. 50-day moving average is approaching a death cross with the 200-day moving average according to technical analysis, indicating potential for further declines for the stock. Despite this challenging period, analysts offer varying opinions on future performance. Mizuho Securities reduced their price target from $280 to $217, while H.C. Wainwright raised their target to $350 following a strong fourth-quarter earnings report highlighting the company’s market share gains and optimistic management outlook.