Goldman Sachs: Crypto and Bitcoin Might Have Bottomed
Goldman Sachs suggests crypto and Bitcoin prices may have bottomed, highlighting attractive upside in select crypto-related stocks.Summary
Goldman Sachs analysts, including James Yaro, believe that after months of decline, Bitcoin and crypto prices may have reached a floor, noting that crypto-related equities are showing "volatile but flattish performance" making valuations attractive. The firm maintains "buy" ratings on stocks like Robinhood, Figure Technologies, and Coinbase, raising Figure's price target. While Goldman Sachs cautioned that trading volumes could temporarily dip, potentially impacting 2026 revenue and profits, they expect a rebound within a median three-month trough period.
Other analysts support the bullish outlook for BTC, observing stabilization after a selloff from $75,000 to $67,000, supported by easing ETF selling pressure and geopolitical developments. Bitcoin has traded sideways between $60,000 and $75,000, a pattern often associated with market bottoms, reinforced by reduced ETF distribution and longer holding periods by investors. Bernstein also asserts that Bitcoin has likely bottomed, citing strong ETF flows and corporate demand, maintaining a $150,000 year-end target.
(Source：Bitcoin Magazine)