Coinbase shares reached a 52-week high on Wednesday after a stablecoin bill passed the Senate last week.

Bernstein called Coinbase the stock analysts are most underappreciating in its crypto coverage universe.

Coinbase shares reached a 52-week high on Wednesday after a stablecoin bill passed the Senate last week.

As awareness of Circle's story grows, investors are beginning to see how Coinbase could benefit from opportunites in the stablecoin space.