Crypto Stocks Near a Bottom After 60% Selloff, Sees “Big Discount” Entry Point: Analyst
Analyst Gautam Chhugani at Bernstein believes crypto stocks are nearing a bottom after a 60% selloff, presenting a potential buying opportunity.Summary
Bernstein analysts suggest that crypto-linked equities are approaching a cyclical bottom after a significant 60% decline from 2025 highs, viewing this as a potential “big discount” for investors ahead of first-quarter earnings reports. While lowering price targets for Coinbase, Robinhood, and Figure, the firm maintains an 'Outperform' rating for all three. The analysis attributes the downturn to macro uncertainty, geopolitical tensions, and weak crypto sentiment, but emphasizes that the fundamental drivers for long-term growth remain intact. The report also notes that Bitcoin's recent price decline and escalating Middle East tensions contribute to market volatility, but anticipates a sentiment floor in Q1, followed by recovery in the second half of 2026. Institutional positioning and options activity are also suppressing volatility.
(Source：Bitcoin Magazine)