Crypto-related stocks are near a bottom heading into first-quarter earnings, according to Wall Street broker Bernstein, who said the sector’s roughly 60% decline from 2025 highs has created “great companies at deep discounts.”
“The combination of geopolitics and temporary crypto weakness sentiment offers significant discounts to crypto stocks,” analysts led by Gautam Chhugani said in Monday’s report.
The broker expects near-term weakness to persist through Q1 results, but views current levels as an entry point for companies with exposure to large and growing markets including stablecoins, tokenization, prediction markets and derivatives.
Since their October 2025 peak, crypto markets have undergone a sharp and sustained correction, with bitcoin falling approximately 40-50% from a record high near $126,000 and the value of the digital asset market as a whole declining by approximately $2 trillion.
The selloff, driven by a mix of macroeconomic pressures, regulatory uncertainty and reduced leverage, erased much of the gains from the previous bull run and weighed heavily on cryptocurrency-related stocks, pushing sentiment toward a more cautious phase as 2026 approaches.
In this context, analysts have revised their price targets while maintaining an optimistic long-term outlook. The broker maintained Outperform ratings on Coinbase (COIN), Robinhood (HOOD), and Figure (FIGR).
He lowered his Coinbase price target to $330 from $440, Robinhood’s target to $130 from $160, and Figure’s target to $67 from $72. Coinbase was trading around $165.50 at press time, Robinhood at $67.10, and Figure at $31.14.
Analysts said a combination of macroeconomic uncertainty and weak cryptocurrency sentiment has weighed on valuations, but expect a turnaround as earnings clarify fundamentals and sentiment stabilizes for the rest of the year.
The call comes as the broker said last week that Bitcoin had likely bottomed and was poised for further gains, and reiterated its year-end price target of $150,000.
Learn more: Wall Street Broker Bernstein Calls Bitcoin Bottom, Maintains Year-End Target of $150,000
