Crypto like COIN, HOOD have bottomed heading into earnings and trades at a 'big' discount, Bernstein says
Bernstein believes the 60% crash in crypto stocks presents a buying opportunity, as equities trade at significant discounts.Summary
Bernstein analysts suggest that crypto-linked equities are nearing a bottom as they approach first-quarter earnings, noting a roughly 60% drawdown from 2025 highs has created opportunities to buy at “big discounts.” They attribute this to a combination of geopolitical factors and temporary weakness in crypto sentiment. While expecting near-term weakness to continue through Q1 results, Bernstein views current levels as a good entry point, particularly for companies involved in growing markets like stablecoins and tokenization. The firm maintained outperform ratings for Coinbase (COIN), Robinhood (HOOD), and Figure (FIGR), revising their price targets downwards to $330, $130, and $67 respectively, but remains optimistic about the long-term outlook. They also reiterated their $150,000 year-end price target for Bitcoin, believing it has likely found its bottom.
(Source：CoinDesk)