It shows the neutralization property of the base and there is no pink color.
Step-by-step explanation:
CuSO₄(aq) + 2 NaOH(aq) → Cu(OH)₂(s) + Na₂SO₄(aq)
Here NaOH is the base and Copper sulfate is an salt of an acid and so it is acidic salt. When these two compounds react, we will get the precipitate of copper hydroxide and Sodium sulfate.
And this reaction seems to be a neutralization reaction, since an acidic salt is neutralized by a base.
Since NaOH is converted into salt, that is sodium sulfate (Na₂SO₄), the phenolphthalein indicator becomes colorless in this reaction. It doesn't turn pink.