COIN Stock Outlook: Key Resistance Breaks as Bernstein Forecasts World Cup Prediction Markets Will Supercharge Revenues

Coinbase (NASDAQ: COIN) stock closed at $160.43 on June 11 after gaining by 4.2%. The gain coincided with two bullish factors: a peace deal reached in the US-Iran war and Bernstein forecasting a surge in Coinbase’s revenue because of its share in the World Cup prediction markets.

Bernstein says that the annualized revenue from Coinbase’s prediction market segment, which reached $100 million in March, might continue to grow because of the hype around the World Cup.

COIN stock has now crossed the resistance at $160 after three failed attempts, and the rising RSI suggests that selling pressure is easing, making a bullish reversal likely.

Bernstein Forecasts World Cup Prediction Markets Will Lift Coinbase Revenues

Analysts at Bernstein expect that the FIFA World Cup tournament is going to increase sports betting volumes by $3 billion, and some of that might go to Coinbase.

Bernstein says that the exchange saw $100 million in revenue from its predictions platform in March after Coinbase partnered with Kalshi in December 2025 to offer a predictions market.

Coinbase is currently running a bet known as the “2026 Men’s World Cup Winner,” which has seen $326 million in all-time volumes.

At the time of writing, the 24-hour volumes for this bet had increased by more than 105% to $35 million. This increase suggests this segment may see a spike in activity until the World Cup ends on July 19.

Besides Coinbase, Bernstein also expects that Robinhood will benefit from the World Cup and record a prediction market revenue of $586 million in 2026.

COIN Stock Breaks $160 Resistance Level as Selling Pressure Eases

COIN stock price finally moved past the resistance at $160 on June 11 after three failed attempts, with the rising RSI line suggesting that sellers might be losing control.

This obstacle at $160 was previously serving as support, but it was lost after much selling last week, because of declining crypto prices that pushed crypto stocks down. Reclaiming it shows that buyers are starting to come back.

COIN stock has also been stuck in a falling channel since May 11, whose breakout price is also $160.

If the price moves above $160 and it makes two more closes above it, it will push COIN out of the channel and confirm that a reversal to the bullish side is underway.

But even if the RSI line is tipping north and has crossed above the signal line, the reading of 40 suggests that the momentum is still favoring bears. A long-term bullish outlook on COIN will only occur if this RSI reading moves above 50.

Falling CLARITY Act Passage Odds May Weigh on COIN Stock Price

CoinGape recently reported that the odds of CLARITY Act passing have dropped below 50%, and Wall Street analysts are now saying that COIN stock is at risk of falling to $115 if this bill does not pass before 2026 ends.

Investment firm Moness said that there is still uncertainty about whether this bill is going to pass before the mid-term elections happen in November, and that might push COIN stock lower.

These sentiments suggest that investors are pegging a COIN stock rally on the regulatory bill passing, and if it does not, bears might retest lower levels below $160.