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

ambcryptoPublicado em 2026-03-27Última atualização em 2026-03-27

Resumo

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.

Source: Goldman Sachs

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.

Source: HOOD vs. COIN price performance

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.

Source: BM Pro

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.

Source: Ecoinometrics

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.

Perguntas relacionadas

QAccording to Goldman Sachs, what percentage of the historical price and volume decline has the current crypto market cycle reached?

AThe current cycle has reached 95% of the historical price decline and 90% of the historical volume decline.

QWhich three crypto-related stocks did Goldman Sachs single out as key stocks of interest?

AGoldman Sachs singled out Robinhood (HOOD), Figure Technologies (FIGR), and Coinbase (COIN).

QWhat is Goldman Sachs' new price target for Coinbase (COIN) and what upside potential does it imply from the current price?

AGoldman Sachs lowered the Coinbase price target from $270 to $235, which implies over 35% upside from its current price of $173.

QWhat key technical indicator, mentioned in the article, reinforces the projection that the crypto market may have bottomed?

AThe 200-Weekly Moving Average (WMA) for Bitcoin, which was at $59K, reinforces the projection as past bear markets have bottomed around this support level.

QAccording to Ecoinometrics, how long does it take for Bitcoin to recover for every 10% drop in price, and what is the estimated total recovery time at the current drawdown?

AAccording to Ecoinometrics, for every 10% drop, it takes about 80 days for Bitcoin to recover. At the current drawdown, it is estimated to take 300 days (about 10 months) for a full recovery.

Leituras Relacionadas

Debate: Korean Workers Fear Unemployment, While Musk Envisions a Society 'Without Work'?

While South Korean auto workers fear job losses from robotics, Elon Musk envisions a future where AI and robots render most work optional. This article explores the growing tension between immediate anxieties over automation and long-term visions of a post-work society. The piece begins with recent strikes at Hyundai's Korean plants, where unions, amid standard wage negotiations, also sought job guarantees against advancing robotics—specifically mentioning Boston Dynamics' Atlas. This reflects how anxiety about technological displacement is emerging even before robots are fully capable of replacing skilled labor on assembly lines. The author argues that while current robotics still struggle with the nuanced, experiential knowledge of veteran workers, the *perception* of imminent replacement is fueling social conflict prematurely. This modern "Luddite" sentiment is compared to the 19th-century English textile workers who smashed machines. Historically, Luddites weren't simply anti-technology; they were protesting the rapid devaluation of their skills and the unequal distribution of productivity gains. Similarly, today's workers ask who will bear the cost of transition and share in the new wealth created by machines. In contrast, figures like Elon Musk propose an optimistic endpoint: with AI and robotics driving extreme abundance, the link between work and survival could break. He suggests concepts like "Universal High Income" could allow society to share the technological bounty, transforming work from a necessity into a choice. The core challenge, however, lies in the transition. The author notes that technology's benefits diffuse slowly, while its disruptive costs—job losses, skill obsolescence—can be concentrated and immediate. The risk is a painful interim period where productivity gains are captured by a few before new social contracts, safety nets, and retraining systems are established. The conclusion calls for proactive governance. Just as past industrial revolutions gave rise to labor standards and social safety nets, the robotics era needs its own frameworks. These should address job transition support, distribution of productivity gains, safety liability, and ethical deployment. Embracing such "constraints" is not opposition to progress but a necessary step to ensure technology benefits society broadly. The discussion sparked by Hyundai's workers, therefore, is not premature but essential.

marsbitHá 3m

Debate: Korean Workers Fear Unemployment, While Musk Envisions a Society 'Without Work'?

marsbitHá 3m

CATL Invests in a 00s Graduate from Harbin Institute of Technology

Contemporary Amperex Technology Co., Limited (CATL) has exclusively invested in the Pre-A round of RoboParty, a company founded by 22-year-old Huang Yi. A former student at Harbin Institute of Technology, Huang built a bipedal humanoid robot in his dorm room and later dropped out to launch RoboParty in Shanghai. The company focuses on developing a fully open-source platform for humanoid robots, combining self-developed hardware, operating systems (Party OS), and foundational models. RoboParty's strategy emphasizes open-source collaboration to accelerate development and build a developer ecosystem, positioning itself as foundational infrastructure for embodied AI. Since its 2025 founding, the team—composed largely of top-tier university graduates—has secured six funding rounds in eight months, with investors including Matrix Partners, Xiaomi, and now CATL. This investment by CATL's corporate venture arm signals strong industry confidence in RoboParty's potential for real-world manufacturing and complex scenarios. Huang Yi prioritizes technological excellence and developer community growth over rapid commercialization. The company has already garnered significant interest from developers and research institutions globally. With a focus on continuous, rapid iteration and open innovation, RoboParty aims to prove the versatility of humanoid robots and drive the field toward an open-source future.

marsbitHá 6m

CATL Invests in a 00s Graduate from Harbin Institute of Technology

marsbitHá 6m

Will SpaceX's First Quarterly Report Rescue Its Stock Price Under the Pressure of 1.2 Billion Shares Unlocking?

SpaceX is set to release its first quarterly earnings report since going public, a key test for its stock which has declined 20% from its IPO price. Approximately 9.12 billion shares are set to unlock on August 6, with an additional 3.19 billion following a week later, creating potential selling pressure from early investors. A strong report may be the only catalyst to reverse the downtrend. The report will cover three segments: Space, Connectivity (Starlink), and AI. The AI business, centered on the merged xAI, is the biggest uncertainty. While it generated $818 million in revenue last quarter, it also reported a $2.5 billion operating loss and $7.7 billion in capital expenditures. New data center rental agreements with Anthropic and Google, particularly the substantial $1.25 billion monthly deal with Anthropic, add significant revenue variability this quarter. Investors await guidance on AI's future outlook and the timeline for launching AI computing satellites via Starship. Starlink remains the stable profit driver, ending last quarter with 10.3 million subscribers. Key metrics will be user growth, average revenue per user (ARPU), and enterprise/government contract backlogs. The Space segment, which posted a $657 million operating loss last quarter, will be scrutinized for updates on Starship development following its 13th test flight and the pace of Falcon 9 launches, many of which support internal Starlink deployment. Wall Street expects Q2 revenue of around $6.9 billion and EBITDA of $2.1 billion. However, as this is the first earnings report, analyst forecasts lack a historical baseline and could see significant variance. With a current market cap of ~$1.4 trillion and a high valuation, the market's reaction post-earnings will hinge on the report's strength, the magnitude of post-lockup selling, and ongoing investor concerns.

marsbitHá 6m

Will SpaceX's First Quarterly Report Rescue Its Stock Price Under the Pressure of 1.2 Billion Shares Unlocking?

marsbitHá 6m

XRPL Foundation Director Warns Of Fake XRP Holder Tiers Scam

XRPL Foundation Community Director Hussein "Vet" Zangana has issued a warning about a phishing scam impersonating Ripple. The scam uses a fake "XRP Holder Tiers" announcement to trick users into connecting their crypto wallets, potentially leading to fund theft. Officials emphasize this is a social engineering attack and not a breach of Ripple's internal systems. The scam exploits common crypto user behaviors, such as urgency around airdrops and rewards, and the fear of missing out on loyalty benefits. Connecting a wallet to a malicious site can grant dangerous permissions or initiate draining transactions. XRP's large, active community makes it a frequent target for such impersonation campaigns. While public warnings from community figures are helpful, they are not a complete defense against evolving scams. The key safety takeaway is for users to ignore unsolicited reward announcements and never connect wallets through unofficial links. Any offer should be verified through multiple official channels before interaction.

bitcoinistHá 17m

XRPL Foundation Director Warns Of Fake XRP Holder Tiers Scam

bitcoinistHá 17m

Soaring 20% Then Dropping 5%: When Will the Bottom of the Korean Stock Market Be?

"South Korean stocks face a turbulent period as the KOSPI index, after a 20% surge, fell 5% to 6257 points. The market is grappling with severe issues: over 500,000 leveraged retail accounts have been liquidated, and more than 24 trillion won has flowed from stocks into bank deposits for safety. This reflects a significant loss of market liquidity and shaken investor confidence. In response, Korean financial regulators are taking action. They have tripled the minimum保证金 (margin) requirement for single-stock leveraged ETF trades to 30 million won and are considering granting themselves "emergency intervention" powers. These could include capping leverage ratios and setting investment limits on these ETFs, seen by many as amplifying market volatility. Initial results show a 75% drop in these products' trading volume post-regulation. The market downturn has political repercussions, pushing President Yoon Suk-yeol's approval rating to a new low. Meanwhile, foreign investors made a record net purchase of 7.18 trillion won during a recent rebound, while domestic retail investors sold off massively. Morgan Stanley has upgraded South Korean stocks to "overweight," citing the ongoing "leverage unwinding" and potential for a 36% upside, with giants like Samsung Electronics and SK Hynix providing valuation support. However, analysts caution that the market's structure remains vulnerable to foreign capital flows, and the current low may not be the bottom."

marsbitHá 21m

Soaring 20% Then Dropping 5%: When Will the Bottom of the Korean Stock Market Be?

marsbitHá 21m

Trading

Spot
活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow