Goldman Sachs was one of the Wall Street banks that advised Coinbase on
   its direct listing in April 2021. As of Monday's close, the company was
   valued at about $12.4 billion. Coinbase has 20 buy ratings, 6 holds and
   5 sell recommendations, according to data compiled by Bloomberg.
   [1]https://www.bloomberg.com/news/articles/2022-06-27/coinbase-slumps-a
   s-goldman-cuts-to-sell-after-75-drop-this-year
   ----
   Meanwhile, Coindesk says:
   Goldman Sachs was also cautious, reminding of the “highly uncertain”
   regulatory outlook.
   “We see risk that limited bandwidth in Congress increases the
   likelihood that regulatory developments will largely be driven by
   regulators, rather than policymakers,” the Goldman team wrote. “Thus,
   we see limited near-term catalysts for increased retail engagement,
   adoption in the U.S.”
   Goldman maintained its sell rating on shares given the “lack of
   visibility around organic growth” and continuing uncertainty about the
   impact of regulation.
   [2]https://www.coindesk.com/business/2023/05/05/coinbase-jumps-16-post-
   earnings-analysts-praise-results-but-worry-about-regulatory-uncertainty
   /
   ----
   Coinbase just paid $100 million in fees because of "significant
   failures in its compliance program" that violated New York state laws.
   [3]https://www.npr.org/2023/01/04/1146915338/coinbase-settlement-crypto
   currency-exchange-new-york-dfs
   ----
   However, Coinbase says they are America's top rated Crypto brand:
   "Recent Data Shows Coinbase is the Most Trusted Name in Crypto"
   Tl;dr: Coinbase has been committed to providing users with a trusted,
   secure platform for accessing crypto since day one, and recent survey
   data confirms that commitment is paying off. Findings from surveys
   conducted by YouGov and Qualtrics in Q4'22 and Q1'23, confirm that
   people around the world view Coinbase and its premium product offerings
   as the most trusted crypto platform."
   [4]https://www.coinbase.com/blog/recent-data-shows-coinbase-is-the-most
   -trusted-name-in-crypto

References

   1. https://www.bloomberg.com/news/articles/2022-06-27/coinbase-slumps-as-goldman-cuts-to-sell-after-75-drop-this-year
   2. https://www.coindesk.com/business/2023/05/05/coinbase-jumps-16-post-earnings-analysts-praise-results-but-worry-about-regulatory-uncertainty/
   3. https://www.npr.org/2023/01/04/1146915338/coinbase-settlement-cryptocurrency-exchange-new-york-dfs
   4. https://www.coinbase.com/blog/recent-data-shows-coinbase-is-the-most-trusted-name-in-crypto