Broker Bernstein said crypto-linked equities may be approaching a bottom after a roughly 60% decline from 2025 highs, presenting a potential buying opportunity.
The firm highlighted companies including Coinbase, Robinhood and Figure as trading at significant discounts despite strong long-term growth prospects.
“The combination of geopolitics and temporary crypto weak sentiment is offering big discounts on crypto stocks,”
Analysts led by Gautam Chhugani said.
Bernstein expects near-term weakness to persist through first-quarter earnings but sees current valuations as an entry point into sectors such as stablecoins, tokenisation, prediction markets and derivatives.
The broker cut its price targets to $330 for Coinbase, $130 for Robinhood and $67 for Figure, reflecting short-term caution while maintaining outperform ratings.
Crypto equities have been pressured by a broader market downturn, with Bitcoin falling 40%–50% from its highs and total market value declining by around $2 trillion.
Despite this, Bernstein maintains a bullish longer-term outlook, expecting sentiment to improve as earnings clarify fundamentals and reiterating its $150,000 year-end Bitcoin target.
At the time of reporting, Bitcoin price was $67,891.85.