2026-01-06 12:33:17

Wall Street's major investment banks recently released a 2026 industry report, making several optimistic judgments about a leading crypto trading platform.

The investment banks upgraded the platform's rating from Neutral directly to Buy, with a target price set at $303. Currently, the platform's token price is around $225, which means there is still a 34% upside. However, it should be clarified—these banks emphasize this is "selective optimism," not a sign that the entire cryptocurrency industry is about to take off.

Why are they optimistic? The core logic is actually quite clear. Recently, this platform has been very active in product innovation, and more importantly, it is changing its business model. It used to rely on trading fees for revenue, but now it is focusing more on "infrastructure" businesses like custody, staking, and subscriptions. This shift makes the company's growth potential look promising.

But reality must also be faced. In the short term, competition will intensify, and interest rate fluctuations are increasingly impacting such platforms. The investment banks predict that the adjusted 2026 EBITDA profit margin may be suppressed by these factors, essentially remaining flat.

The most interesting aspect is the change in revenue structure. Non-trading businesses, which accounted for less than 5% of revenue five years ago, have now become an important support. This transformation is logically solid, but whether it can proceed smoothly still depends on market sentiment.

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AlgoAlchemist

· 4h ago

The story of transformation sounds good, but can a 34% increase really be achieved? With such fierce competition and fluctuating interest rates, why is this Wall Street report so optimistic?

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HodlKumamon

· 4h ago

A 34% increase sounds pretty good, but I still want to see how this sideways trading expectation is calculated... Just having solid transformation logic isn't enough.

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GateUser-26d7f434

· 5h ago

$303? Sounds good, but I still have some doubts about this move on Wall Street. Switching from fee-based business to infrastructure services, I can understand the idea, but I'm worried about fierce competition squeezing profits. A 34% increase is tempting, but in reality, such predictions often can't keep up with unforeseen changes.

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quietly_staking

· 01-08 00:28

Wall Street is starting to tell stories again, $303? I think I'll wait and see, the competition is so fierce --- Bro, having selective optimism means you have reservations. The signals are a bit blurry --- The idea of shifting from transaction fees to infrastructure is good, but if 2026 still sees sideways movement, is it really worth buying now? --- A 34% upside sounds great, but the question is, when can we actually enjoy this gain? --- The non-trading business has grown from 5% to its current share. This transformation is visible, but I'm worried the market might not buy it --- Basically, it's a gamble on whether this platform can survive the shakeout of competition. The risk still feels a bit high

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DisillusiionOracle

· 01-06 13:03

Wall Street is starting to spin stories again. A 34% increase sounds appealing, but I trust the competitive pressure more. Whether this transformation can succeed is really hard to say.

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PhantomHunter

· 01-06 13:01

$303? Sounds nice, but I'm afraid it's just another Wall Street story. Those non-trading activities accounting for 5% and now increasing—now that's the real deal.

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SnapshotLaborer

· 01-06 12:55

To be honest, 34% of the space sounds good, but the key point is the phrase "selectively optimistic"... not all coins need to rise. Shifting from fee-based transactions to infrastructure business is still somewhat interesting; at least it's more risk-resistant than a pure exchange model.

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POAPlectionist

· 01-06 12:49

303 bucks? Come on, it's just another investment bank pie in the sky. Believing half of it is already risky enough.

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FromMinerToFarmer

· 01-06 12:36

A 34% upside potential sounds good, but the phrase "selectively optimistic" is interesting — in other words, there's still some hesitation to bet on it. From transaction fees to custody staking, this shift is quite clever — it's just that they're worried that if the competition really heats up, these new businesses might not hold up.

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