Key insights
- Goldman Sachs suggests selective buying in crypto-linked stocks like Robinhood and Coinbase after a sector downturn. While acknowledging potential for further volume declines and a 30% recession probability, the firm sees attractive entry points based on historical patterns. This suggests a mildly positive, albeit cautious, outlook for these specific equities, but doesn't signal broad market bullishness.
Source: https://beincrypto.com/goldman-sachs-crypto-stocks-bottom-buy/
Goldman Sachs analyst James Yaro published a note saying crypto-linked equities look selectively attractive after falling 46% from their October 2025 peak, with price action showing "volatile but flattish" behavior in recent weeks, a pattern he says matches historical peak-to-trough averages for this cycle.
The firm maintained Buy ratings on Robinhood ($91 target, down from $102), Coinbase ($235 target, down from $270), and Figure Technologies ($42 target, raised from $39). The main caveat: volumes could still fall further, potentially cutting 2026 revenue by 2% and profits by 4%, but Goldman notes trough crypto volumes typically last a median of three months before rebounding. Notably, the same firm also raised its US recession odds to 30% this month, so the call is selective, not broadly bullish.