{"id":51399,"date":"2026-03-26T13:16:17","date_gmt":"2026-03-26T18:16:17","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=51399"},"modified":"2026-03-26T13:16:21","modified_gmt":"2026-03-26T18:16:21","slug":"goldman-sachs-bitcoin-might-have-bottomed","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/goldman-sachs-bitcoin-might-have-bottomed","title":{"rendered":"Goldman Sachs: Crypto and Bitcoin Might Have Bottomed"},"content":{"rendered":"
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Goldman Sachs believes bitcoin and crypto prices may have hit their floor after months of declines, highlighting select stocks with upside potential. <\/p>\n\n\n\n

In a note on Thursday, analyst James Yaro said crypto-related equities are down 46% since October 2025 but are showing \u201cvolatile but flattish performance\u201d in recent weeks, making valuations increasingly attractive, thanks to CNBC reporting<\/a>.<\/p>\n\n\n\n

Top picks include Robinhood, Figure Technologies, and Coinbase, all rated \u201cbuy.\u201d Figure, which runs a blockchain-based HELOC business, saw its price target raised to $42 from $39, implying 35% upside from current levels. <\/p>\n\n\n\n

Robinhood is expanding offerings to advanced traders and financial services, while Coinbase is focusing on crypto derivatives, subscriptions, and new products like equities trading and banking.<\/p>\n\n\n\n

Goldman cautioned that trading volumes could dip further, potentially reducing 2026 revenue by 2% and profits by 4%, but expects volumes to rebound within a median three-month trough period.<\/p>\n\n\n\n

Bitcoin has bottomed<\/h2>\n\n\n\n

Other analysts also appear bullish on BTC.\u00a0<\/p>\n\n\n\n

Bitcoin appears to be stabilizing after recent volatility, with signs suggesting the market may have reached a potential bottom. Following a sharp selloff that pushed BTC from around $75,000 to $67,000, the cryptocurrency has rebounded, supported by easing selling pressure from ETFs, long-term holders, and constructive geopolitical developments, including U.S.\u2013Iran talks.\u00a0<\/p>\n\n\n\n

Over the past month, bitcoin has traded sideways between $60,000 and $75,000, a pattern often linked to market bottoms. K33 Research highlights<\/a> that reduced distribution from ETFs and rising supply held for more than six months reflect structural market stability. <\/p>\n\n\n\n

Head of Research Vetle Lunde noted that with bitcoin below $100,000, fewer investors are inclined to exit positions, anchoring prices.<\/p>\n\n\n\n

ETF flows have turned mildly positive since late February, signaling an end to the heavy post-October distribution phase. <\/p>\n\n\n\n

Despite macro uncertainty\u2014including rising oil prices, geopolitical tensions, and a hawkish Federal Reserve\u2014bitcoin\u2019s range-bound price action, low open interest in perpetual swaps, and negative funding rates suggest a constructive environment for medium- and long-term investors. <\/p>\n\n\n\n

Wall Street broker Bernstein echoes<\/a> this outlook, asserting that bitcoin has likely bottomed and maintaining a $150,000 year-end target. Bernstein cited strong ETF flows, growing corporate treasury demand, and resilience in Strategy (MSTR)\u2014which now holds $53.5 billion worth of bitcoin\u2014as evidence of institutional confidence. <\/p>\n\n\n\n

Analysts view the recent correction as a temporary sentiment reset rather than a breakdown in fundamentals, with continued interest in Strategy\u2019s preferred shares offering additional long-term capital support.<\/p>\n\n\n\n

Overall, both research firms see bitcoin transitioning from a distribution phase toward stabilization, setting the stage for potential upside later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Goldman Sachs believes bitcoin and crypto prices may have hit their floor after months of declines. <\/p>\n","protected":false},"author":3817,"featured_media":51400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[475,558,377,1275],"class_list":["post-51399","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-analysis","tag-bernstein","tag-goldman-sachs","tag-market-cycle"],"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/03\/Goldman-Sachs-Crypto-and-Bitcoin-Might-Have-Bottomed.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/51399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=51399"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/51399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/51400"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=51399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=51399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=51399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}