Firm's Crypto Bottom Call Sets Stage for Coinbase Rebound

A leading investment firm believes the cryptocurrency market is nearing a bottom, according to a Motley Fool report. The call carries weight for Coinbase Global Inc. (COIN), the largest U.S. cryptocurrency exchange.

Bitcoin has lost more than 50% of its value from last year's peak above $60,000. Coinbase shares have fallen about 32% this year, with trading volumes and revenue forecasts under pressure. The investment firm expects a rebound in activity and a recovery for Coinbase shares, the report said.

AlphaScala's proprietary score for Coinbase stands at 21 out of 100, a weak rating.