Goldman Sachs signals a market bottom for cryptocurrencies and upgrades related stock ratings

金色财经_ · 2026-03-27T08:47:23+00:00

Goldman Sachs released a report on March 27th stating that the long-term correction of digital assets is approaching the bottom, and current valuations are becoming increasingly attractive to investors. Compared to Bitcoin's strong support in the first quarter of 2026 and the reduction of institutional investor sell-offs, the market has entered a constructive consolidation phase. Meanwhile, Goldman Sachs upgraded Coinbase and Figure Technologies ratings to "Buy," indicating a return of institutional confidence.

金色财经_

2026-03-27 08:47:23

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Golden Finance reported that on March 27, Goldman Sachs released a tactical research report indicating that the long-term adjustment of digital assets may be nearing its bottom. Chief Analyst James Yaro stated that since October 2025, crypto-related stocks have fallen by 46%, and the current valuations are becoming “increasingly attractive” for long-term investors.
Goldman Sachs’ shift in stance comes as Bitcoin experiences a phase of “volatile yet overall sideways” trading. In the first quarter of 2026, Bitcoin formed strong support in the range of $60,000 to $75,000. The bank pointed out that the significant reduction in “passive selling” by ETFs and large institutional investors is one of the main driving factors behind the market stabilization.
Despite the Federal Reserve’s hawkish stance and ongoing geopolitical uncertainties, Goldman Sachs believes the market has successfully absorbed the impacts following the “frenzy market” of 2025 and is currently entering a constructive consolidation phase. This “bottoming logic” is also supported by Goldman Sachs’ own 13F holdings data: as of the end of 2025, its total exposure to Bitcoin and Ethereum ETFs was close to $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.

BTC-4,2%

ETH-4,04%

XRP-2,63%

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