Citigroup has lowered its price target on Coinbase to $235 from $400, a sharp reset in the bank’s valuation of the largest U.S.-listed crypto exchange and one of the market’s most-watched proxies for digital-asset sentiment. The revision takes the target down to $235 from $400, a reduction of roughly 41% and a substantial step back from the bank’s prior expectation for the stock. For related coverage, see Citigroup Sees Sensitive Holiday Jobless Data Affecting Markets.