Coinbase is strategic for 2026, focusing on RWA perpetuals and integrating AI, building on a 2025 marked by DEX launch, acquisitions, and re-entry into India. Despite a recent -6.37% close on December 15, 2025, and negative retail sentiment due to Bitcoin correlation, analysts largely maintain a 'Hold' or 'Moderate Buy' rating, though Zacks notes an expensive valuation.