According to a note from a Goldman Sachs analyst Cryptocurrency Prices may have bottomed out
The asset manager’s rating of $3.6 trillion, reported by CNBC on Thursday, marks a measured but notable change in tone from one of Wall Street’s most closely watched institutions. Bitcoin reached an all-time high of over $126,000 in October 2025 and has since traded between $69,000 and $71,000. range as of March 26, 2026.
Goldman Sachs“Analysts highlighted technical stabilization, improvement liquidity signals and the reduction of forced sales as factors supporting the thesis. The CNBC report further notes that the financial giant also reported “attractive setups” in the cryptocurrency space. actionslikely including exchanges such as Coinbase and Robinhood, mining companies and blockchain infrastructure plays a role.
The bank’s evolving stance on digital assets reflects changes within the company over the past year. In its 2026 13F filings, Goldman disclosed approximately $2.36 billion in bitcoin Exposure to exchange-traded funds (ETFs) and Ethereum ETFs, at time of deposit.
David Salomon, CEO publicly confirmed in February 2026 that he personally holds a small amount of bitcoin – a reversal from previous statements in which he said he saw no real use cases for this asset. Goldman also upgraded Coinbase to “Buy” in January 2026, citing the resilience of the retail business and progress on the regulatory front.
The company is not the only one to speak of a potential trough. Bernstein analysts recently said bitcoinThe cyclical low confirmed and reiterated a $150,000 price target for 2026. Other institutional desks pointed to on-chain capitulation signals and technical support between $60,000 and $65,000 as signs of easing selling pressure.
The broader market correction is due to a delay Federal Reserve rate cuts, geopolitical pressures, including US-Iran tensions, persist inflationand weaker ETF inflows in early 2026. Some of these headwinds have started to ease, with potential Fed cuts expected later in the year.
Goldman’s note spread quickly on social media on Thursday. Significant traffic crypto X accounts amplified » the title a few hours after its publication, presenting it as a potential catalyst for renewed institutional interest.
Yet Goldman’s wording was deliberately cautious. “May have bottomed out” is not a confirmed call, and the company raised its probability of recession in the United States at 30% earlier this year, a reminder that macroeconomic risks remain active. Goldman also reduced some crypto The ETF’s exposure in late 2025 during the rout, showing it adjusts its positions as conditions change.
Bitcoin has crossed several short-term technical levels in recent sessions. Altcoins have demonstrated relative strength in certain areas. All these developments have occurred in the midst of conflict in the Middle East. These developments are consistent with the first recovery plans, even if the previous ones bear market The cycles produced multiple false bottoms before a lasting reversal took hold.
For onlookers watching this space, many believe Goldman’s note adds institutional weight to a thesis already circulating among crypto-native analysts. How the market reacts in the coming weeks will determine whether this reading of conditions holds.
FAQs 🔎
- Has Goldman Sachs confirmed a bitcoin down? No – the company used cautious language, saying prices “may have bottomed out,” which is a signal of possibility rather than a definitive call.
- West bitcoin in negotiation as of March 26, 2026? Bitcoin is trading in a range of $69,000 to $71,000, approximately 45% below its October 2025 all-time high near $126,000.
- What Crypto-Related Stocks Has Goldman Sachs Reported? The company highlighted “attractive setups” in crypto-related stocks, likely including exchanges like Coinbase, mining companies and blockchain infrastructure plays a role.
- Does Goldman Sachs own crypto ETFs? Yes – records show the company held billions crypto ETF exposure and CEO David Solomon confirmed bitcoin property in February 2026.
