Coinbase Shares Rise on Rothschild Buy Call and Samsung Wallet Tie-Up

The upgrade points to a rapid shift away from retail trading fees toward institutional activity, USDC income and the Base network.

Overview

Coinbase gained about 2.6% on Oct. 3 after Rothschild & Co. raised the stock to Buy with a $417 price target.
The Samsung partnership embeds Coinbase services in Samsung’s native wallet on 75 million U.S. Galaxy devices, enabling trading and payments through Samsung Pay.
Rothschild projects retail transaction fees will fall from roughly 90% of revenue historically to nearly 50% next year.
The firm highlights growing contributions from institutional trading, derivatives, subscriptions, USDC interest and Coinbase’s Base layer-2 as buffers to fee compression.
Rothschild contrasted its stance with a neutral view on Circle and a sell on Robinhood, underscoring Coinbase’s perceived advantage from diversification and distribution.