ChainCatcher report: According to Forbes, Goldman Sachs analyst James Yaro stated in a research report that the decline in Bitcoin and the broader crypto market has roughly reached the historical average decline from peak to trough in this cycle. Over the past few weeks, Bitcoin and crypto-related stocks have exhibited volatility but are trending toward stabilization. However, Yaro warned that trading volumes could decline further; in a low-volume environment, Bitcoin prices are susceptible to sharp fluctuations, and any rebound may prove difficult to sustain. He noted that trading volume bottoms typically last around three months before showing a clear recovery. If trading volumes continue to fall, crypto companies’ revenues could decrease by 2% and profits by 4% in 2026. Goldman Sachs currently maintains a “Buy” rating on Robinhood, Figure Technologies, and Coinbase—all of which have declined at least 50% from their all-time highs. Yaro stated that assets related to digital assets are increasingly presenting attractive entry points. Goldman Sachs CEO David Solomon recently revealed at the World Liberty Forum in Mar-a-Lago, Florida, hosted by Trump, that he holds a small amount of Bitcoin—a shift from his position in 2024. This week, Bitcoin’s price retreated to around $60,000. David Morrison, Senior Market Analyst at Trade Nation, noted that Bitcoin previously encountered resistance near $72,000 and has since pulled back; the daily MACD indicator is currently flattening at neutral levels, leaving the short-term directional outlook uncertain.
Goldman Sachs Analyst: Bitcoin May Have Hit Cycle Bottom, but Trading Volume Could Decline Further
ChaincatcherShare
Summary
Goldman Sachs analyst James Yaro noted that Bitcoin may have reached the cycle low, but trading volume could decline further. He highlighted that transaction volume has fallen to historical averages for this cycle. Yaro warned that lower trading volume may amplify price volatility and reduce crypto firm revenues by 2026. Despite recent losses, Robinhood, Figure, and Coinbase remain rated as 'buy.' Digital assets are viewed as attractive entry points.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.