Crypto market bottom in? Why Goldman Sachs sees ‘attractive entry point’

ambcryptoPublished on 2026-03-27Last updated on 2026-03-27

Abstract

Goldman Sachs suggests the cryptocurrency market may have bottomed, presenting an attractive entry point for select crypto-related stocks. Analyst James Yaro noted the market decline has reached approximately the historical peak-to-trough average, with the current cycle at 95% and 90% relative to historical price and volume declines. The firm highlighted Robinhood (HOOD), Figure Technologies (FIGR), and Coinbase (COIN) as key stocks, lowering COIN's price target to $235 (still implying over 35% upside) and HOOD's to $91 (30% potential upside). Both stocks are down about 55% from October 2025 highs. While Goldman joins other firms like Fidelity in calling a market bottom, research from Ecoinometrics cautions that Bitcoin's recovery could take around 10 months based on current drawdowns.

The crypto market may have established its bottom, offering an ‘attractive entry point’ for a few related stocks, according to investment bank Goldman Sachs.

On the 26th of March, in a note to investors, Goldman analyst James Yaro wrote,

The crypto market price decline has approximately reached the historical peak-to-trough average.

The investment research side of the firm referenced historical crypto price and volume downturns. According to the attached chart, the current cycle was at 95% and 90% relative to historical price/volume decline.

Yaro added,

All in, we see an increasingly attractive entry point to our digital-asset sensitive coverage, albeit selectively, across the group. Valuation is becoming more attractive, especially in names that are less exposed directly to crypto prices.

Crypto stocks vs. Bitcoin

The investment firm singled out Robinhood (Nasdaq: HOOD), Figure Technologies (Nasdaq: FIGR), and Coinbase (Nasdaq: COIN) as key crypto-related stocks of interest as the market stabilizes.

It lowered the Coinbase price target from $270 to $235. Still, this implied over 35% upside from its current COIN price of $173. Similarly, it downgraded its HOOD’s target from $102 to $91, implying a 30% upside potential from the press time value of $70.35.

Both crypto stocks were down about 55% from their October 2025 highs. Hence, this could be a discounted window if the crypto market rebounds strongly from here.

Goldman is the latest to make a crypto market bottom call, following Fidelity, Bitwise, and others who made similar projections after Bitcoin slipped to $60K in February.

In fact, from a price chart perspective, the 200-Weekly Moving Average (WMA) was at $59K as of writing, reinforcing the above projections. The past bear markets bottomed around this support.

Still, it could take way longer for Bitcoin to rebound than most people anticipate. According to crypto research firm Ecoinometrics, the “deeper Bitcoin falls, the longer it takes to recover.” The firm noted that for every 10% drop, it takes about 80 days for the asset to bounce back.

At the current drawdown, which implied 300 days (about 10 months) for BTC to fully recover, the firm cautioned.

Final Summary

Goldman Sachs projected that the crypto market bottom may be near, as progress hit over 90% based on historical price and volume downturns.
However, Ecoinometrics cautioned that it could take an additional 10 months for a strong Bitcoin recovery.

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