Goldman Sachs believes that bitcoin and crypto prices are likely to hit bottom after months of decline, highlighting selected stocks with high potential.
In a Thursday note, analyst James Yaro said crypto-related equities are down 46% since October 2025 but have shown “volatile but subdued performance” in recent weeks, making the rating even more attractive, thanks to CNBC’s reporting.
Top picks include Robinhood, Figure Technologies, and Coinbase, all rated “buy.” Draw, which operates a blockchain-based HELOC business, saw its price target raised to $42 from $39, which is a 35% upside from current levels.
Robinhood is expanding offerings to advanced traders and financial services, while Coinbase is focusing on crypto derivatives, subscriptions, and new products such as stock trading and banking.
Goldman cautioned that trading rates could decline further, potentially reducing 2026 revenue by 2% and profits by 4%, but expects rates to rebound within an average of three months.
Bitcoin is over
Some analysts are also from BTC.
Bitcoin appears to be stabilizing after recent volatility, with signs that the market may have reached a potential bottom. Following a sharp selloff that pushed BTC from around $75,000 to $67,000, the cryptocurrency rebounded, supported by easing selling pressure from ETFs, long-term holders, and positive national developments, including the US-Iran talks.
In the past month, bitcoin has traded sideways between $60,000 and $75,000, a pattern often associated with market bottoms. K33 research highlights that reduced distributions from ETFs and increased supply held for more than six months indicate a stable market structure.
Head of research Vetle Lunde noted that with bitcoin below $100,000, few investors tend to exit positions, holding prices.
ETF flows have turned positive since late February, marking the end of the heavy post-October distribution phase.
Despite major uncertainties—including rising oil prices, geopolitical tensions, and a hawkish Federal Reserve—bitcoin price action, low interest rates open to perpetual volatility, and negative liquidity levels suggest a positive environment for medium- and long-term investors.
Wall Street broker Bernstein echoes this view, asserting that bitcoin is likely to decline and maintain a year-end target of $150,000. Bernstein cited strong ETF flows, growing demand for corporate treasury, and strength in Strategy (MSTR)—which now holds $53.5 billion worth of bitcoin—as evidence of institutional confidence.
Analysts view the recent correction as a short-term sentiment reset rather than a fundamental split, with continued interest in Strategy’s preferred stocks providing additional long-term capital support.
Overall, both research firms see bitcoin’s transition from a diffusion phase to stability, setting the stage for a potential upside later this year.
