The rise in Bitcoin prices directly benefits Coinbase, a cryptocurrency exchange, by potentially increasing trading volumes and revenues. The registration in Canada as a Restricted Dealer could open up new market opportunities, enhancing its growth prospects. Additionally, the upgraded price target by Oppenheimer reflects positive analyst sentiment, which can influence investor perception and stock price. However, the sale of Coinbase shares by Ark Invest and the mixed analyst views introduce some uncertainty, moderating the confidence level.