Bitcoin
March 26, 2026
Goldman Sachs believes that the Bitcoin (BTC) bottom may be close, with the asset trading around $70,000. This comes after the asset witnessed a sharp fall from its October 2025 peak of over $126,000. At the same time, flows in traditional markets are shifting. Pension funds are prepping to move billions back into equities. Meanwhile, historical patterns in the Nasdaq are pointing towards something else.
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The Nasdaq Has Recovered 100% of the Time From This Exact Setup Since 1985
The Goldman Sachs prediction of a Bitcoin bottom is being watched along with a notable change in institutional flows. According to the bank, US pension funds are expected to buy about $13.8 billion in equities by the end of the quarter. This figure is larger than 97% of monthly purchases over the past three years. In addition, they are significantly above long-term averages, where funds have typically been net sellers.
The rebalancing is driven by a shift from bonds into pension fund stocks following the recent drop in equities.
At the same time, historical data around the Nasdaq 100’s recovery is drawing attention. The index has now spent 100 days below its all-time high. It, however, remains within 10% of that level.
Data compiled by market analysts shows that in the previous five instances since 1985, the Nasdaq 100 was higher 12 months later every time. This came with an average gain of about 17%. Short-term performance in those periods was mixed, but long-term outcomes were consistently positive.
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Bitcoin Slips below $70,000
Bitcoin’s recent price action has been relatively stable amidst the war. Meanwhile, gold was seen entering the bear market. The asset has been trading in a rather tighter range between $68,000 and $71,000. This shows fewer signs of forced selling across exchanges. At press time, BTC was trading at $68,589.47 following a daily drop of 1.73%.
Goldman Sachs said crypto prices “may have troughed,” noting that the recent decline is in line with historical peak-to-bottom drawdowns. The bank also pointed to “volatile but flattish performance in the past few weeks.” They are suggesting that the market may be finding a base.
Coinbase and Robinhood in Focus
Goldman also noted how Coinbase and Robinhood, as stocks, are more attractive setups after the pullback. The bank added,
“Valuation [is] becoming more attractive, especially in names that are less exposed directly to crypto prices.”
The bank maintained a positive stance on both companies, even after lowering some price targets. They noted that valuations have become more reasonable following the latest setback.
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