This paper presents an approach to characterize ultrasonic imaging arrays using pin targets in commercial test phantoms. We used a 128-element phased array transducer operating at 7.5 MHz with a fractional bandwidth of %70. We also used a tissue-mimicking phantom in the measurements. This phantom consists of pin targets with a 50 𝝁𝒎 diameter. We excited the transducer with pulsed and coded signals. We used Complementary Golay Sequences to code the transmitted signal and Binary Phase Shift Keying for modulation. We characterized the transducer array by using the transfer function, line spread function, range resolution, and beam width in an attenuating and scattering medium. We showed that the pin targets, which are very thin compared to the diffractionlimited focus of the transducer array, are suitable for the transducer characterization under weak reflected signal conditions.