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

Golden Finance reports that on March 27, Goldman Sachs released a tactical research report indicating that the long-term correction in digital assets may be nearing a bottom. Chief analyst James Yaro said that since October 2025, crypto-related stocks have fallen 46%, and that valuations are becoming “increasingly attractive” for long-term investors.
Goldman’s shift in stance comes as Bitcoin has gone through a period of “volatile but overall sideways” trading. In the first quarter of 2026, Bitcoin formed strong support within the $60,000 to $75,000 range. The firm noted that a significant reduction in “passive selling” by ETFs and large institutional investors is one of the main drivers of the market stabilizing.
Despite the Federal Reserve taking a hawkish stance and ongoing geopolitical uncertainty, Goldman believes the market has successfully digested the effects of the 2025 “frenzied rally” and is now entering a constructive consolidation phase. This “bottoming-out logic” is also supported by Goldman’s own 13F holdings data: as of the end of 2025, its total exposure to Bitcoin and Ethereum ETFs was close to $2.36 billion.
In addition, Goldman upgraded Coinbase and Figure Technologies to a “Buy” rating, reallocated positioning to XRP, and institutional confidence has returned.