Goldman Sachs lowers Coinbase price target to $235

Goldman Sachs has lowered its price target for Coinbase to $235 from $270, though it maintained its buy rating, U.S. financial news outlet TheStreet reported. The investment bank noted that crypto-related stocks have been trading sideways amid recent volatility after falling about 46% from their highs last October, reflecting continued investor uncertainty about the market outlook. However, Goldman Sachs added that some crypto stocks are now entering attractive buying zones.