Cryptocurrency-linked stocks are nearing a bottom ahead of first-quarter earnings, according to Wall Street trader Bernstein, who said the sector’s roughly 60% drop from 2025 highs has created “big deals at deep discounts.”
“The combination of geopolitics and a temporary sentiment of crypto weakness is offering deep discounts on cryptocurrency stocks,” analysts led by Gautam Chhugani said in Monday’s report.
The broker expects near-term weakness to persist through first-quarter results, but views current levels as an entry point into companies with exposure to large and growing markets, including stablecoins, tokenization, prediction markets and derivatives.
Since peaking in October 2025, crypto markets have seen a sharp and sustained correction, with bitcoin falling approximately 40% to 50% from all-time highs near $126,000 and the value of the overall digital asset market declining by about $2 trillion.
The sell-off, driven by a combination of macroeconomic pressures, regulatory uncertainty and deleveraging, has erased much of the gains from the previous bull run and weighed heavily on crypto-linked stocks, pushing sentiment into a more cautious phase heading into 2026.
Against this backdrop, analysts revised their price targets while maintaining an optimistic long-term outlook. The broker maintained top 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 macro uncertainty and weak crypto sentiment has weighed on valuations, but they expect a turnaround as earnings clarify fundamentals and sentiment stabilizes over the rest of the year.
The call comes as the brokerage said last week that Bitcoin has likely bottomed and is poised for further gains, and reiterated its $150,000 price target by the end of the year.
Read more: Wall Street trader Bernstein calls bitcoin bottom and maintains target of $150,000 by year-end
