MarketMoodz
Goldman flags crypto bottom; three names offer setups
Goldman Sachs says crypto prices may have troughed after months of declines, signaling a potential shift in risk appetite. The firm flags Robinhood, Figure Technologies, and Coinbase as top Buy picks in its digital-asset coverage, with analysts noting a possible rebound if volumes stabilize.
Key Takeaways
- Goldman analyst James Yaro says crypto prices may have troughed after months of declines.
- Crypto stocks have fallen about 46% from the Oct 2025 peak, fitting a historical peak-to-trough cycle.
- Goldman names Robinhood, Figure Technologies, and Coinbase as Buy picks in digital-asset coverage.
- Figure Technologies' price target is raised to $42 from $39, with the stock trading around $31 prior to the note, implying upside.
- Goldman notes a potential three-month trough in crypto volumes and a 2026 revenue decline of about 2% and profits about 4%.
People Involved
- James Yaro Goldman Sachs Analyst
Entities Involved
- Goldman Sachs Group, Inc. (GS) Investment bank behind the note
- Robinhood Markets, Inc. (HOOD) Retail trading platform expanding into broader financial services
- Figure Technologies, Inc. Blockchain fintech and HELOC origination platform
- Coinbase Global, Inc. (COIN) Crypto exchange with growth in derivatives and services
MarketMoodz Analysis
Investors could gain exposure to a set of crypto-linked names with diversified upside if crypto prices stabilize and risk appetite returns. Goldman’s view hinges on a potential near-term crypto bottom translating into improved liquidity and growth visibility for Robinhood, Figure, and Coinbase as they monetize both crypto and non-crypto offerings.
Historically, crypto equities have seen sharp drawdowns followed by multi-quarter recoveries, so a ~3-month trough in volumes and a modest 2026 earnings impact are not signs of permanent damage. The three names offer exposure across exchanges, trading platforms, and blockchain-enabled fintech, providing a way to play a slower macro backdrop without courting a pure crypto bet; watch crypto price action, volumes, regulator signals, and the pace of non-crypto revenue expansion for further catalysts.
Source: Original Article
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