Goldman Sachs sees crypto nearing a cycle bottom as selloff approaches historical norms; names Robinhood, Figure Technologies, Coinbase

Goldman Sachs said crypto prices may be approaching a cycle low after months of declines, noting the current drawdown is close to historical averages. The bank said crypto-linked equities have fallen about 46% from their October 2025 peaks, leaving valuations more compelling. Goldman highlighted Robinhood, Figure Technologies and Coinbase as its preferred picks in the space. The firm cautioned that trading activity could weaken further. It estimates softer volumes could trim 2026 revenue by about 2% and profits by around 4%, adding that low-volume stretches typically last roughly three months.