Goldman Sachs Says Dip Acquired: 3 Crypto-Linked Stocks to Catch the Falling Knife

Goldman Sachs analyst James Yaro has told clients that crypto-linked equities look selectively attractive after falling 46% from their October 2025 peak. The research note maintained Buy ratings on three names: Robinhood Markets (HOOD), Figure Technologies (FIGR), and Coinbase Global (COIN). For those keeping track at home, that's roughly the same percentage drop as your portfolio after that one guy in the group chat said "we're so back" three weeks too early.

Yaro noted that the current drawdown has roughly matched the average peak-to-trough decline seen in previous crypto cycles. Prices have shown volatile but stabilizing behavior over recent weeks, suggesting forced selling pressure may be easing. In other words, the blood in the streets has started to coagulate into more of a bloody puddle—progress, right? Historical patterns suggest these capitulation events tend to bottom out around here, give or take a few panic-induced liquidations.

"All in, we see an increasingly attractive entry point to our digital-asset sensitive coverage, albeit selectively, across the group," Yaro said. Translation: Goldman thinks there's blood in the water, and they're not afraid to get wet. The keyword is "selectively," because nothing says "confident bull case" like carefully hedging your enthusiasm with a qualifier that means "don't blame us if this goes lower."

Among the three picks, Goldman cut its HOOD price target to $91 from $102 and