Goldman Sachs Eyes After 46% Stock Plunge

The crypto market has taken a beating since late 2025. Bitcoin prices crashed from highs above $75,000, and related stocks shed nearly half their value. Investors feel nervous, but big banks like Goldman Sachs see a silver lining. They think the worst might be over, with the market nearing a .

What Goldman Sachs Is Saying About the Crypto Dip

In a recent note dated March 26, 2026, Goldman Sachs analyst James Yaro shared key insights. He pointed out that the current drop in crypto stocks matches what we’ve seen in past market cycles. After a 46% fall from October 2025 peaks, prices look more stable. Trading volumes are still low, but this setup hints at a potential floor.

Bitcoin has bounced between $60,000 and $75,000 for months. No big crashes lately. Crypto stocks followed suit, down 46% but holding steady. Goldman notes that history shows worse drops, like 80-93% in tough times. This milder pullback suggests selling pressure is easing.

Why This Could Be the

Past cycles teach us a lot. Deep drawdowns often lead to bottoms, followed by recovery. Goldman Sachs sees the same pattern now. Prices stabilized faster than expected. Institutional money slowed down, with Bitcoin and Ethereum ETFs seeing less inflow. But valuations are cheap now, tempting smart buyers.

Low volumes worry some. They can spark wild price swings. Goldman warns troughs last about three months before volumes pick up. If activity stays weak, crypto firms might see 2% less revenue and 4% lower profits in 2026. Recovery needs more traders joining in, not just higher prices.

Top Crypto Stocks Goldman Sachs Likes Now

Goldman Sachs picked three stocks trading over 50% below all-time highs. They see big upside as the market heals.

• Robinhood (HOOD): Expanding fast in crypto. Adding derivatives, stablecoins, prime brokerage, and prediction markets. This pulls in retail and pro traders alike.
• Figure Technologies: Uses blockchain for home loans. Goldman bumped its price target to $42 from $39, eyeing 35% gains. Less tied to spot crypto prices, strong edge from tech.
• Coinbase (COIN): Core business in trading, staking, and services for big players. Target cut to $235 from $270, but still a buy.

These picks stand out in a beaten-down market. Diversification and real-world blockchain use make them resilient.

Broader Market Forces at Play

Crypto doesn’t move alone. Macro worries, like geopolitical tensions in the Middle East, add pressure. Bitcoin dipped near $64,000 lately, stuck in a $65,000-$70,000 range. Trump talks on Iran and energy risks keep traders on edge.

Derivatives play a role too. Big investors sell options, market makers hedge, muting swings. This rangebound action fits early 2026 vibes. Sentiment floors often form before Q1 earnings, setting up second-half rebounds.

Other analysts agree somewhat. Some see 60% drops as buy chances, highlighting growth in stablecoins, tokenization, and more. Fundamentals hold strong despite short-term pain.

Signs to Watch for Crypto Recovery

1. Trading Volumes: Key to watch. Rising activity signals real demand.
2. On-Chain Data: Bitcoin’s 200-week moving average could confirm bottom.
3. Institutional Flows: ETF inflows picking up would boost confidence.
4. Earnings Reports: Q1 weakness might mark the low point.

Patience pays in cycles. Goldman Sachs urges watching volumes before betting big on rallies.

Final Thoughts: Time to Buy the Dip?

The feels close after 46% stock drops. Goldman Sachs sees value in select names like HOOD, Figure, and COIN. Risks remain with low volumes and global noise. But history favors buyers at these levels. Stay disciplined, track key metrics, and position for the rebound.

Crypto markets test patience, but cycles turn. Could this be your entry point?