Goldman Sachs suggests that bitcoin and crypto prices could have reached their lowest point following an extended period of downturns, pointing out specific stocks that may offer upside potential. In a note on Thursday, analyst James Yaro highlighted that crypto-related equities have plummeted 46% since October 2025. However, he noted they are exhibiting “volatile but flattish performance” in recent weeks, which is making valuations more appealing, as reported. Leading selections feature Robinhood, Figure Technologies, and Coinbase, each designated with a “buy” rating. Figure, operating in the blockchain-based HELOC sector, has had its price target increased to $42 from $39, indicating a potential upside of 35% from current levels. Robinhood is broadening its offerings to cater to advanced traders and enhance its financial services, whereas Coinbase is concentrating on crypto derivatives, subscriptions, and introducing new products such as equities trading and banking.
Goldman has issued a warning that trading volumes may decline further, which could lead to a 2% reduction in revenue and a 4% drop in profits for 2026. However, the firm anticipates a rebound in volumes within a median trough period of three months. Bitcoin seems to be finding its footing following a period of significant fluctuations, with indications pointing towards a possible market bottom. After a significant selloff that saw BTC drop from approximately $75,000 to $67,000, the cryptocurrency has made a recovery. This rebound is bolstered by reduced selling pressure from ETFs, long-term holders, and positive geopolitical developments, such as discussions between the U.S. and Iran. In the last month, bitcoin has been moving sideways within the range of $60,000 to $75,000, a trend frequently associated with market bottoms. K33 Research emphasizes that the decrease in distribution from ETFs, along with the increasing supply held for over six months, indicates a stable structure within the market.
According to Vetle Lunde, with bitcoin trading below $100,000, there is a noticeable reluctance among investors to exit their positions, which is helping to stabilize prices. Since late February, ETF flows have shown a slight uptick, indicating a potential conclusion to the significant distribution phase that followed October. Amidst macroeconomic uncertainties such as escalating oil prices, geopolitical tensions, and a hawkish stance from the Federal Reserve, bitcoin’s price action remains range-bound. The low open interest in perpetual swaps and negative funding rates indicate a potentially favorable landscape for medium- and long-term investors.
Wall Street broker Bernstein aligns with this perspective, asserting that bitcoin has likely reached its bottom and upholding a year-end target of $150,000. Bernstein pointed to robust ETF inflows, increasing corporate treasury interest, and the steadfast performance of Strategy—which currently possesses $53.5 billion in bitcoin—as indicators of institutional trust. Analysts are interpreting the recent correction as a momentary sentiment adjustment instead of a fundamental collapse, highlighting ongoing interest in Strategy’s preferred shares that provide further long-term capital backing. Both research firms are observing bitcoin as it moves from a distribution phase into a period of stabilization, which could pave the way for potential upside later this year.