Leading Wall Street short-sellers are shorting Coinbase, whose shares have fallen more than 50% since its IPO

The cryptocurrency market is more subdued heading into 2022, but analysts remain very bullish on Coinbase's prospects. In a recent report, analysts at JPMorgan Chase maintained a "hold" rating on Coinbase, but lowered their price target from $345 to $296, citing the company's position as a leader in the crypto ecosystem.

On Friday, Coinbase was up 4.9% at $185. Coinbase shares have fallen more than 50 percent since its IPO last year.