Goldman Sachs flags a possible Bitcoin bottom after months of decline. Here is what analysts and on-chain data are saying right now.
Bitcoin has endured a brutal few months.
Crypto-related stocks have fallen roughly 46% from their October 2025 highs. Prices have stabilized recently, gaining interest from one of Wall Street’s biggest names.
Goldman Sachs analysts now suggest that the crypto market “may have bottomed,” CNBC reported. This cautious but notable shift in tone is turning heads across the industry.
Goldman Sachs Flags Possible Bitcoin Price Bottom
Goldman Sachs analyst James Yaro issued a note stating that Bitcoin and broader crypto prices could have already found their floor.
The firm cited several supporting factors. These include technical stabilization, improving liquidity conditions, and a clear reduction in forced selling pressure.
The bank stopped short of making a definitive bullish call. Instead, analysts described recent price behavior as “volatile but flattish,” suggesting the worst selling wave may be over.
Goldman also expects a consolidation phase of roughly three months, which aligns with typical historical bottoming patterns.
Goldman CEO David Solomon has publicly acknowledged holding a small personal position in Bitcoin. That detail adds a layer of context to the firm’s evolving stance on digital assets.
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Crypto Stocks and Bitcoin Valuations Under the Microscope
Bitcoin dropped approximately 45% to 46% from its October 2025 all-time high near $126,000.
In late March 2026, BTC has been trading in the $66,000 to $71,000 range. The latest CoinGecko figures show Bitcoin sitting at $66,686, with a modest 0.42% gain over 24 hours.
Goldman highlighted several crypto-related stocks as top picks at current valuations. Robinhood, Figure Technologies, and Coinbase made the firm’s shortlist.
However, Goldman warned that trading volumes could decline further, potentially shaving 2% off 2026 revenue and 4% off profits.
Low-volume periods like this typically last around three months, the firm noted. Investors should factor that timeline into any near-term expectations.
On-Chain Data Points to Fading Panic Among Bitcoin Holders
Beyond Wall Street analysis, on-chain data is reinforcing the cautious optimism.
According to crypto analyst Sjuul from AltCryptoGems on X, short-term holder (STH) inflows into Binance recently dropped to 25,000 BTC. That marks the lowest level in years.
Short-term holders are historically the most reactive group in the Bitcoin market. They tend to sell first during downturns and are the earliest signal that panic is easing.
When their exchange inflows collapse sharply, it often signals that the wave of reactive selling has run its course.
STH inflows collapse signals Bitcoin bottom forming, Source| Sjuul/XThe analyst pointed to historical data stretching back to 2018.
Every major Bitcoin recovery during that period started with this exact pattern: STH inflows declining sharply while prices remained near their lows. The pattern appearing again now is attracting market watchers.
Source: https://www.livebitcoinnews.com/bitcoin-price-analysis-goldman-sachs-sees-possible-btc-bottom/
