On March 27, Goldman Sachs released a tactical research report indicating that the prolonged adjustment in digital assets may be nearing its bottom. Chief analyst James Yaro stated that since October 2025, crypto-related stocks have declined by 46%, and their current valuations are becoming "increasingly attractive" for long-term investors. This shift in stance by Goldman Sachs comes as Bitcoin experiences a phase of "volatility but overall sideways movement." In the first quarter of 2026, Bitcoin formed strong support within the range of $60,000 to $75,000. The bank noted that a significant reduction in "passive selling" by ETFs and large institutional investors has been one of the key factors stabilizing the market. Despite the Federal Reserve's hawkish stance and ongoing geopolitical uncertainties, Goldman Sachs believes the market has successfully absorbed the impact following the 2025 "frenzy," and is now entering a constructive consolidation phase. This "bottoming logic" is further supported by Goldman Sachs' own 13F holdings data: as of the end of 2025, its total exposure to Bitcoin and Ethereum ETFs neared $2.36 billion. Additionally, Goldman Sachs upgraded the ratings of Coinbase and Figure Technologies to "Buy," reallocating to XRP, signaling a return of institutional confidence.
Goldman Sachs Signals a Bottom in the Crypto Market and Upgrades Ratings for Related Stocks
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Airstar Bank. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.