CoinDesk news, citing a report from Yahoo Finance, that Barclays has initiated coverage on Coinbase(NASDAQ:COIN) and assigned an underweight rating, with a target price set at $140—far below its current trading price of $181. Driven by factors such as the Bitcoin price trend and broader crypto market sentiment, Coinbase’s stock price has fallen by a cumulative 20% year-to-date. Barclays said Coinbase is facing fee-compression pressure brought on by intensifying competition and structural headwinds. As Morgan Stanley launches a Bitcoin trust fund(MSBT) with an annual management fee of only 0.14%, the trading profit margins available to exchanges are being further squeezed. In addition, institutional capital is increasingly bypassing traditional platforms such as Coinbase and flowing directly into ETFs for specific assets.