Finance News

Story: Goldman Sachs Says Bitcoin Hit Bottom

By Bruce Buterin

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Trading Volume Concerns. But Goldman warned about one big problem. Trading volumes might keep dropping.

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Market Stabilization Signs. K33 Research sees bitcoin trading between $60,000 and $75,000 over the past month.

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What Comes Next. K33's Lunde noted that bitcoin supply held for more than six months keeps growing.

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Goldman Sachs thinks bitcoin prices bottomed out. The investment bank's analyst James Yaro wrote Thursday that crypto markets probably can't fall much more after months of brutal…

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Yaro's team likes three stocks right now: Robinhood, Figure Technologies, and Coinbase. All three got "buy" ratings from Goldman's traders.

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The bank's math shows that if crypto trading stays weak, companies could see 2026 revenues fall 2% and profits drop 4%. That's not catastrophic, but it's not great either.

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Bitcoin itself has been all over the map lately. The digital currency crashed from around $75,000 down to $67,000 in a matter of days, then climbed back up as selling pressure…

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K33 Research sees bitcoin trading between $60,000 and $75,000 over the past month. That's pretty much a classic sign that prices want to stabilize after wild swings.

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ETF flows turned slightly positive since late February. The heavy selling that started in October finally stopped.

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Wall Street firm Bernstein agrees with Goldman's take and still thinks bitcoin hits $150,000 by year-end.

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MicroStrategy keeps buying more bitcoin despite the volatility. CEO Michael Saylor defends the strategy as a long-term bet on digital assets, and the company now holds over…

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Coinbase's expansion into regular stock trading and banking services could help offset any decline in crypto trading fees.

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Yaro's research note mentioned geopolitical factors playing a bigger role than expected. The U.S.

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Both Goldman and Bernstein think the market moved from a distribution phase where big holders sold coins to a stabilization phase where prices find a floor.

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Figure Technologies' 35% upside potential reflects Goldman's confidence in blockchain-based financial services.

The Currency Analytics

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