Downgrading to iTunes 12.5.2 worked for me. Unfortunately, it does require that you have access to a backup of iTunes app.
Here are the instructions I found on http://forums.macrumors.com/threads/itunes-12-5-3-match-crashes-fix-available-in -thread.2011509/
****My preface: I could not find "iTunes Music Library.xml" on either of my Macs. On Mac #1, I had complete Time Machine backups so I was able to delete and restore the .itdb and .itl files. On Mac #2, I did not have backups so I left the files intact. Both ways worked.
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(1) Stop the itunes helper app using activity monitor utility if it is running
(2) delete the current itunes.app with terminal command:
Code:
sudo rm -r /Applications/iTunes.app
(3) Restore iTunes 12.5.2 from appropriate Time Machine backup.
(4) ALSO restore, from the same TM backup, the following files in the ~/Music/iTunes folder:
iTunes Library Extras.itdb
iTunes Library Genius.itdb
iTunes Library.itl
iTunes Music Library.xml
NOTE: not sure if all of those are necessary to restore but wanted to make the folder as close as possible to its pre-12.5.3; definitely the .itl is necessary. If you don't restore these you will get a message when you start the older iTunes that it cannot read the music library because it was created with a newer version of iTunes.