$COIN - BANK OF AMERICA UPGRADES COINBASE TO BUY Bank of America upgraded Coinbase to Buy, citing accelerating product expansion, strategic shifts, and a more attractive valuation. The bank highlighted a 40% pullback from July highs alongside improving second-half product momentum. BofA pointed to Coinbase’s expansion into stocks, ETFs, and prediction markets, its Base layer-2 network as a key infrastructure growth driver, and Coinbase Tokenize as a catalyst for real-world asset tokenization. With the P/E multiple down about 40% from mid-2024 levels, BofA reiterated its $340 price target, implying roughly 38% upside, and sees Coinbase as a long-term leader heading into 2026.