Wall Street is calling for "Bitcoin bottoming signals," with Bernstein maintaining a $150,000 target by the end of the year

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Source: Zhito Finance Network

Goldman Sachs believes that after months of decline, Bitcoin and cryptocurrency prices may have reached a bottom, and has selected several targets with upside potential, with multiple institutions also optimistic about Bitcoin. Goldman Sachs analyst James Yarrow stated in a report on Thursday that crypto-related stocks have fallen 46% since October 2025, but have shown a “volatile yet stabilizing” trend in recent weeks, gradually revealing valuation attractiveness.

Goldman Sachs’ preferred targets include Robinhood (HOOD.US), Figure Technologies (FIGR.US), and Coinbase (COIN.US), all rated as “buy.” Figure, which operates a blockchain home equity loan business, raised its price target from $39 to $42, indicating a 35% upside from current levels.

Robinhood is expanding its business towards advanced traders and the financial services sector, while Coinbase focuses on new products such as crypto derivatives, subscription services, and stock trading and banking services.

Goldman Sachs cautions that trading volumes may decline further, which could lead to a 2% decrease in revenue and a 4% decrease in profits for 2026, but expects trading volumes to rebound during the median low period of three months.

Bitcoin May Have Reached a Bottom

Other analysts are similarly optimistic about Bitcoin. After recent fluctuations, Bitcoin’s trend has stabilized, with market signals indicating it may have reached a bottom. Following a sharp sell-off from around $75,000 to $67,000, Bitcoin has rebounded, supported by easing ETF selling pressure, backing from long-term holders, and constructive geopolitical factors such as U.S.-Iran negotiations.

In the past month, Bitcoin has been trading sideways in the $60,000 to $75,000 range, a pattern typically associated with market bottoms. K33 Research points out that a reduction in ETF distributions and an increase in supply held for more than six months reflect a stabilizing market structure.

Research Director Wital Lund noted that with Bitcoin below $100,000, investor willingness to exit has decreased, providing support for prices.

Since late February, ETF capital flows have turned to a moderate net inflow, marking the end of the large distribution phase that began last October.

Despite uncertainties at the macro level, including rising oil prices, geopolitical tensions, and a hawkish stance from the Federal Reserve, the price trend of Bitcoin oscillating within a range, low open interest in perpetual swap contracts, and negative funding rates all indicate that the current environment is constructive for medium to long-term investors.

Wall Street brokerage Bernstein holds a similar view, believing that Bitcoin has likely reached a bottom and maintains a year-end target price of $150,000. Bernstein points out that strong ETF capital inflows, increasing demand from corporate treasury funds, and the resilience shown by Strategy (currently holding $53.5 billion in Bitcoin) all reflect institutional confidence.

Analysts believe that the recent pullback is more of a temporary emotional correction rather than a fundamental deterioration, and the sustained interest in Strategy’s preferred shares provides additional support for long-term capital.

Overall, both research institutions believe that Bitcoin is transitioning from a distribution phase to stabilization, laying the groundwork for subsequent price increases within the year.

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Editor: Zhu Henan