Goldman Sachs has expressed optimism regarding the current state of Bitcoin and cryptocurrency prices, suggesting that they may have reached their lowest point after several months of decline. In a recent note, analyst James Yaro pointed out that crypto-related stocks have experienced a significant drop of 46% since October 2025, although there has been a recent trend of “volatile but flattish performance,” making these valuations increasingly appealing.
Among the stocks highlighted by Goldman Sachs are Robinhood, Figure Technologies, and Coinbase, all of which have received a “buy” rating. Figure Technologies, which operates a blockchain-based home equity line of credit (HELOC) business, saw its price target increase from $39 to $42, suggesting a potential upside of 35% from current levels. Meanwhile, Robinhood is broadening its service offerings to attract advanced traders and financial services, while Coinbase is concentrating on crypto derivatives, subscription models, as well as introducing additional products like equities trading and banking services.
Despite a cautious outlook concerning a potential decline in trading volumes—which could reduce the 2026 revenue by 2% and profits by 4%—Goldman expects a rebound in trading activity within a median period of about three months.
When examining Bitcoin itself, other analysts appear similarly bullish. Bitcoin has showcased signs of stabilization after recent market volatility, suggesting that it may have hit a potential bottom. Following a steep selloff which saw its price drop from approximately $75,000 to $67,000, the cryptocurrency has recently shown a rebound, backed by less selling pressure from ETFs, long-term holders, and favorable geopolitical developments, including discussions between the U.S. and Iran.
For the past month, Bitcoin has traded within a range of $60,000 to $75,000—a pattern typically associated with market bottoms. K33 Research has pointed out that the reduced distribution from ETFs and an increase in the supply of Bitcoin held for over six months indicate a structural stability in the market. Vetle Lunde, Head of Research at K33, noted that with Bitcoin priced below $100,000, there are fewer incentives for investors to sell, helping to stabilize prices. ETF flows have shown a slight positive trend since late February, hinting at the conclusion of a heavy distribution phase that followed the October selloff.
In the face of macro uncertainties such as rising oil prices, geopolitical tensions, and a hawkish Federal Reserve, Bitcoin’s range-bound price action, low open interest in perpetual swaps, and negative funding rates indicate a positive environment for both medium- and long-term investors. Wall Street broker Bernstein supports this outlook, asserting that Bitcoin has likely found its bottom and maintains a year-end target of $150,000. Bernstein points to robust ETF inflows, increasing demand from corporate treasuries, and the stability of MicroStrategy, which holds $53.5 billion worth of Bitcoin, as signs of institutional confidence.
Analysts perceive the recent market correction more as a temporary sentiment reset rather than a fundamental breakdown, with continued interest in preferred shares from strategic investments providing additional long-term financial support. Overall, these research firms see Bitcoin moving from a distribution phase towards stabilization, potentially paving the way for upside opportunities later this year.
