Goldman Sachs believes Bitcoin and cryptocurrency prices may have hit a bottom after months of declines, highlighting select stocks with upside potential.
In a note on Thursday, analyst James Yarrow said crypto-related stocks are down 46% since October 2025 but have shown a “volatile but flat performance” in recent weeks, making valuations increasingly attractive, thanks to CNBC. Preparing reports.
Top picks include Robinhood, Figure Technologies, and Coinbase, all of which are rated “Buy.” Figure, which runs a blockchain-based HELOC business, saw its price target rise to $42 from $39, implying a 35% upside from current levels.
Robinhood is expanding offerings for advanced traders and financial services, while Coinbase is focusing on cryptocurrency derivatives, subscriptions, and new products like stock trading and banking.
Goldman warned that trading volumes could decline further, which could cause 2026 revenues to fall by 2% and profits by 4%, but it expects volumes to rebound over an average period of three months.
Bitcoin has hit bottom
Other analysts also appear bullish on BTC.
Bitcoin appears to be stabilizing after recent volatility, with signs suggesting the market may have reached a potential bottom. After a sharp sell-off that pushed Bitcoin from around $75,000 to $67,000, the cryptocurrency has rebounded, supported by easing selling pressure from ETFs, long-term equity holders, and constructive geopolitical developments, including talks between the US and Iran.
Over the past month, Bitcoin has traded sideways between $60,000 and $75,000, a pattern often associated with market bottoms. Search K33 Highlights The decline in distribution from ETFs and the rise in supply that has persisted for more than six months reflects the structural stability of the market.
Head of Research Vetel Lund noted that as Bitcoin falls below $100,000, fewer investors tend to exit positions, stabilizing prices.
ETF flows have turned somewhat positive since late February, signaling the end of the heavy distribution phase after October.
Despite macro uncertainties — including rising oil prices, geopolitical tensions, and a hawkish Fed — Bitcoin’s range-bound price movement, declining open interest in perpetual swaps, and negative funding rates point to a constructive environment for medium- and long-term investors.
Wall Street broker Bernstein reverberation This view confirms that Bitcoin has likely bottomed and maintains its year-end target of $150,000. Bernstein cited strong ETF inflows, growing demand for corporate treasuries, and resilience in the strategy (MSTR) — which now holds $53.5 billion worth of bitcoin — as evidence of institutional confidence.
Analysts view the latest correction as a temporary reset in sentiment rather than a collapse in fundamentals, with continued interest in strategy-favorite stocks offering additional long-term capital support.
Overall, both research firms see Bitcoin moving from a distribution phase to a stabilization phase, setting the stage for a potential rally later this year.
