Coinbase's Q1 financial estimates have sparked discussions among analysts and investors, with projections indicating a revenue of $1.58 billion and earnings per share (EPS) of $4.20. The company's base revenue is growing rapidly, estimated at $1-2 million daily, suggesting a potential $135 million opportunity in Q2. Additionally, the perpetual market contribution is expected to increase from $26.3 million in Q1 to $70 million in Q2. Despite a previous quarter EPS of $1.04 and a late crypto rally, concerns have been raised about a projected 50% quarter-over-quarter EPS decline. However, the upcoming release of a smart wallet and an expanding base volume signal a bullish outlook for Coinbase, now valued at a $60B market cap. Keefe, Bruyette & Woods (KBW) has expressed optimism about Coinbase's long-term growth in the crypto economy, raising its price target for the company to $230, counteracting the fear, uncertainty, and doubt (FUD) surrounding a $500 $COIN valuation.