Wall Street unanimously calls out "Bitcoin bottoming signal appears", Bernstein insists on year-end $150,000 target.

Goldman Sachs Group, Inc. believes that after experiencing a few months of decline, the prices of Bitcoin and cryptocurrencies may have bottomed out. They have identified some targets with potential for appreciation, and several other institutions also have a positive outlook on Bitcoin. Goldman Sachs Group, Inc. analyst James Yaro stated in a report on Thursday that cryptocurrency-related stocks have dropped by 46% since October 2025 but have shown a "volatile but stabilizing" trend in recent weeks, with valuation attractiveness gradually becoming apparent. Goldman Sachs Group, Inc.'s top picks include Robinhood (HOOD.US), Figure Technologies (FIGR.US), and Coinbase (COIN.US), all rated as "buy". Figure, which operates blockchain home equity loan business, has had its target price raised from $39 to $42, implying a 35% upside potential from the current level. Robinhood is expanding its business towards advanced traders and financial services areas, while Coinbase is focusing on new products such as cryptocurrency derivatives, subscription services, stock trading, and banking services. Goldman Sachs Group, Inc. warns that trading volume may further decrease, potentially leading to a 2% decrease in revenue and a 4% decrease in profit in 2026. However, they expect trading volume to rebound during the median three-month low period. Bitcoin may have bottomed out Other analysts also have a positive outlook on Bitcoin. After recent fluctuations, Bitcoin's trend has stabilized, with market signals indicating that it may have bottomed out. Following a sharp sell-off from around $75,000 to $67,000, Bitcoin has bounced back, supported by easing of ETF selling pressure, support from long-term holders, and constructive political factors such as US-Iran negotiations. Over the past month, Bitcoin has been fluctuating between $60,000 and $75,000, a pattern typically associated with market bottoms. K33 Research noted that decreased ETF distributions and an increase in supply held for over six months reflect a stable market structure. Research director Vettel Lund pointed out that with Bitcoin below $100,000, investors are less willing to exit, providing support for prices. Since late February, ETF fund flows have turned mildly positive, signaling the end of the large-scale distribution phase that began after October last year. Despite macro uncertainties such as rising oil prices, political tensions, and the hawkish stance of the Federal Reserve, the price trend of Bitcoin's range-bound movement, low open interest in perpetual swap contracts, and negative funding rates indicate a constructive environment for medium to long-term investors. Wall Street broker Bernstein also shares a similar view, believing that Bitcoin has likely bottomed out and maintains a year-end target of $150,000. Bernstein pointed out that strong inflows of ETF funds, growing corporate treasury demand, and the resilience shown by Strategy (currently holding $53.5 billion in Bitcoin) reflect institutional confidence. Analysts believe that the recent pullback is more of a temporary emotional repair rather than a deterioration of fundamentals, and continued interest in Strategy preferred shares provides additional support for long-term capital. Overall, both research institutions believe that Bitcoin is transitioning from a distribution phase to a stabilization phase, laying the groundwork for further upside potential later in the year.