Goldman Sachs Declares Crypto's Discount Aisle Open for Business

Goldman Sachs has decided the crypto market's floor isn't just sticky, it's a veritable "buy-the-dip" buffet for a select few stocks. In a note to investors on March 26, analyst James Yaro posited that the price plunge has roughly hit the historical peak-to-trough average. The bank's math suggests the current pain cycle is at 95% of the typical price drop and 90% of the volume drop, which is basically the financial equivalent of being 95% through a root canal.

This, according to Yaro, makes valuations for digital-asset-adjacent companies look tasty—but only if you're picky. Stocks with a bit more distance from the direct crypto furnace are apparently the prime cuts. Goldman’s menu highlights Robinhood (HOOD), Figure Technologies (FIGR), and Coinbase (COIN) as its top picks for the coming period of market stability, or at least less violent instability.

Goldman gave Coinbase's price target a haircut, trimming it from $270 to $235, which still implies a juicy 35% upside from its current $173 perch. Robinhood’s target got a similar trim, down from $102 to $91, suggesting about a 30% climb from its press-time price of $70.35. Both stocks are nursing a 55% hangover from their October 2025 peaks, so Goldman essentially sees a fire sale, contingent on crypto deciding to rally again.

Of course, Goldman isn't the first institution to yell "bottom!" into the crypto abyss; Fidelity, Bitwise, and others made similar calls after Bitcoin briefly vacationed at $60K in February. The 200-week moving average looms at $59K like a spectral support line, a level that has historically been where bear markets go to find their car keys and sober up.

Any recovery, however, is likely to be less of a moonshot and more of a slow, grueling hike. Crypto research firm Ecoinometrics points out that deeper Bitcoin plunges dramatically extend the recovery timeline: each extra 10% drop costs about 80 days to recoup. At the current drawdown, the model projects a roughly 300-day (or ten-month) slog for a full Bitcoin rebound, a sobering reminder that finding the floor is one thing, but the elevator back up might be out of service.