According to investment bank Goldman Sachs, the crypto market may have bottomed out, offering an “attractive entry point” for a number of related stocks.
On March 26, Goldman analyst James Yaro wrote in a note to investors:
The price decline in the crypto market has reached approximately the historical peak-to-trough average.
The investment research side of the business referenced historical crypto price and volume declines. According to the attached chart, the current cycle was 95% and 90% from the historical price/volume decline.
Yaro added,
All in all, we see an increasingly attractive entry point for our digital asset-sensitive coverage, albeit selectively, across the group. Valuation is becoming more attractive, especially in names that have less direct exposure to crypto prices.
Crypto Stocks vs Bitcoin
The investment firm has 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 Coinbase’s price target to $235 from $270. Still, this represented an increase of more than 35% from the current COIN price of $173. Likewise, it lowered the target of its HOOD from $102 to $91, implying a 30% upside potential from the press-time value of $70.35.
Both crypto stocks are down around 55% from their highs in October 2025. So this could be a discounted period if the crypto market rebounds strongly from here.
Goldman is the latest to adopt one bottom call in the crypto marketfollowing Fidelity, Bitwise and others who made similar forecasts after Bitcoin fell to $60,000 in February.
From a price chart perspective, the 200-Weekly Moving Average (WMA) was at $59,000 at the time of writing, reinforcing the above projections. Recent bear markets bottomed out around this support.
Still, Bitcoin may take much longer to recover than most people expect. According to crypto research firm Ecoinometrics, “the deeper Bitcoin falls, the longer it takes to recover.” The company noted that for every 10% drop, it takes about 80 days for the asset to recover.
On the current pullback, which left 300 days (about 10 months) before BTC could fully recover, the company warned.
Final summary
- Goldman Sachs predicted that the crypto market’s bottom could be near as advances reached over 90% based on historical price and volume declines.
- However, Ecoinometrics warned that it could take another ten months for a strong Bitcoin recovery.