Crypto prices may have found their floor after months of declines, and Goldman Sachs sees three good stock opportunities from here. Stocks tied to the crypto sector are down 46% since their October 2025 peak, with volatile but flattish performance in the past few weeks, and the crypto price decline has approximately reached the historical peak-to-trough average for this cycle, Goldman analyst James Yaro wrote in a note Thursday. All in, we see an increasingly attractive entry point to our digital-asset sensitive coverage, albeit selectively, across the group, with valuation becoming more attractive, especially in names that are less exposed directly to crypto prices. The note cites Robinhood and Figure Technologies among the firm’s top picks in the sector, as well as Coinbase, which is more directly exposed to crypto prices.
Yaro said Figure, which runs a blockchain-based HELOC origination and sales business, is outperforming expectations and has clear drivers for continued expansion. Goldman Sachs also raised its price target on Figure to $42 from $39. The stock closed at $31 on Wednesday, suggesting 35% upside from current levels. The firm did lower its price target on Robinhood and Coinbase, but both still reflect upside from current levels.
Robinhood, which has a substantial business for crypto traders but has roots as a digital stock brokerage, is going after more advanced traders by adding new features for them and is also expanding its suite of product offerings to banking and other financial services, Yaro pointed out. Meanwhile, crypto services firm Coinbase has an attractive growth opportunity in crypto derivatives trading, its subscription and services business (which includes stablecoins and prime brokerage) and new products like prediction markets, equities trading, banking, and wealth, the note said. Yaro also said “prices may have troughed, but volumes could fall somewhat further, although the impact appears manageable,” potentially reducing 2026 revenue by 2% and profits by 4%.
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