Goldman Sachs Identifies Three Promising Crypto-Related Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 26 2026
0mins
Should l Buy HOOD?
Source: CNBC
- Market Bottom Signal: Goldman Sachs analysts suggest that crypto prices may have found their floor after months of declines, with the overall market down 46% since October 2025, indicating that now is an attractive entry point for digital asset-sensitive stocks.
- Stock Picks Recommended: Goldman identifies Robinhood, Figure Technologies, and Coinbase as top picks, with price targets lowered for Robinhood and Coinbase but still reflecting upside potential, particularly for Figure, whose target was raised from $39 to $42, suggesting a 35% upside from current levels.
- Figure's Strong Performance: Figure Technologies is outperforming expectations in its blockchain-based HELOC origination and sales business, showcasing clear drivers for continued expansion, making it a highlight in Goldman’s recommendations.
- Market Volatility Expectations: While Goldman anticipates a potential 2% revenue drop and a 4% profit decline in 2026 due to further declines in crypto trading volumes, analysts believe the impact is manageable, with trough volumes typically rebounding significantly within three months.
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Analyst Views on HOOD
Wall Street analysts forecast HOOD stock price to rise
20 Analyst Rating
16 Buy
4 Hold
0 Sell
Strong Buy
Current: 76.280
Low
130.00
Averages
156.24
High
181.00
Current: 76.280
Low
130.00
Averages
156.24
High
181.00
About HOOD
Robinhood Markets, Inc. is creating a financial services platform for everyone, regardless of their wealth, income, or background. It uses technology to provide access to the financial system. Its offerings include Brokerage, Robinhood Crypto, Custody, Robinhood Wallet, Robinhood Gold, and Robinhood Gold Card. Its Brokerage services include investing, options trading, fractional trading, recurring investment, access to investing on margin, fully paid securities lending, cash sweep, instant withdrawals, Robinhood retirement, 24-hour market, joint investing accounts, and event contracts. It also offers a variety of ways for its customers to grow their financial knowledge, including Robinhood Learn, In-App Education, Newsfeeds, Sherwood Snacks, and Crypto Learn and Earn. Its self-clearing system, order routing system, data platform, and other back-end infrastructure deliver the capabilities that allow its customers to focus on investing, saving and spending.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of Robinhood Markets' 32% Stock Price Decline
- Earnings Report Shortfall: Robinhood's Q1 2026 earnings report fell short of expectations, leading to a stock price drop of over 32%, raising investor concerns that could impact market confidence and future investment decisions.
- Cryptocurrency Revenue Volatility: While cryptocurrency revenue peaked at $358 million in Q4 2024, it plummeted to $134 million in Q1 2026, a 47% quarter-over-quarter decline, highlighting the cyclical nature and volatility of this segment, which may hinder overall revenue growth.
- Diversification Strategy: Robinhood's other transaction revenue rose 7% year-over-year to $623 million, with prediction market revenue surging 320% to $147 million, indicating the company's efforts to diversify its revenue streams and reduce reliance on cryptocurrency.
- Long-Term Market Opportunity: Analysts project that by 2030, trading volume in prediction markets could reach $1 trillion, suggesting that if Robinhood can capitalize on this opportunity, it may significantly enhance its revenue and market position in the coming years.
See More
Robinhood Reports Strong Q1 2026 Financial Results
- Significant Revenue Growth: Robinhood's Q1 total net revenues increased by 15% year-over-year to $1.07 billion, with transaction-based revenues rising 7% and net interest revenues up 24%, indicating strong market performance.
- Slight Net Income Increase: The company's net income rose 3% year-over-year to $346 million, maintaining profitability despite challenges from lower short-term interest rates, reflecting the resilience of its business model.
- Substantial Asset Growth: Total platform assets surged 39% year-over-year to $307 billion, driven by continued net deposits and higher equity valuations, indicating increased customer confidence and market activity.
- Enhanced Trading Activity: Active trader engagement was robust in Q1, leading to double-digit year-over-year growth in equity and options volumes, alongside record volumes in Prediction Markets, Futures, Index Options, Shorting, and Margin, showcasing the company's leadership in diversified financial services.
See More
Coinbase and Kraken Account for 22% of AI Mentions in Crypto
- Market Share Analysis: According to the 5W Public Relations’ 2026 Crypto AI Visibility Index, Coinbase and Kraken together account for 22% of AI mentions in the crypto sector, highlighting their significant presence in consumer intent queries, far exceeding other U.S. exchanges.
- Regulatory Credibility Advantage: Gemini ranks third in the crypto market due to its “regulatory-credibility moat,” possessing a NYDFS trust company charter and full-reserve model, which allows it to lead in regulated trust prompts despite its smaller market scale.
- BlackRock IBIT's Market Impact: BlackRock's IBIT claims between 45% and 49% of U.S. spot Bitcoin ETF assets and an even larger share of Bitcoin ETF AI mentions, demonstrating its rapid consolidation in crypto asset management.
- Retail Sentiment Shift: Although Coinbase's stock dipped 0.1% in after-hours trading, its retail sentiment on Stocktwits remains in the 'bullish' zone, while Kraken's sentiment is in the 'neutral' range, reflecting differing market perceptions of these two companies.
See More
Analysis of Robinhood's 32% Stock Drop
- Earnings Report Shortfall: Robinhood's Q1 2026 earnings report fell short of investor expectations, contributing to a stock price drop of over 32%, reflecting market concerns about its future growth, particularly amid volatile cryptocurrency revenue.
- Cryptocurrency Revenue Fluctuations: While cryptocurrency revenue reached $358 million in Q4 2024, surpassing the total of the previous three quarters, it plummeted to $134 million in Q1 2026, a 47% decline from the prior quarter, highlighting the cyclical and unstable nature of this segment.
- Diversification Strategy: Robinhood's transaction-based revenue rose 7% year-over-year to $623 million, with 'other transaction revenue' soaring 320% to $147 million, indicating potential in prediction markets, with April trading volumes expected to hit $3 billion, marking its second-best month ever.
- Market Sentiment Impact: Despite progress in diversifying revenue, the market remains fixated on cryptocurrency income, suggesting that Robinhood's stock price may continue to be influenced by fluctuations in crypto market sentiment, prompting investors to carefully consider their holding strategies.
See More
Robinhood Stock Down Over 32% Year-to-Date Amid Earnings Miss
- Stock Decline: Robinhood's stock has fallen over 32% year-to-date in 2026, primarily due to an earnings report that failed to meet market expectations, leading to diminished investor confidence and increased selling pressure.
- Cryptocurrency Revenue Volatility: In Q1 2026, Robinhood reported cryptocurrency revenue of $134 million, down 47% from the previous quarter, highlighting the challenges the company faces in a volatile market, although management remains optimistic about the crypto segment.
- Diversified Revenue Sources: Despite cryptocurrency revenue accounting for 18% of total revenue last year, Robinhood's transaction-based revenue rose 7% year-over-year to $623 million, with
See More
Robinhood Expands into Prediction Markets
- Crypto Revenue Decline: In Q1 2026, Robinhood's crypto transaction revenue fell by 47% year-over-year, highlighting the volatility of the crypto market's impact on short-term traders and prompting the company to seek new revenue sources to maintain profitability.
- Fintech Ecosystem Expansion: To offset revenue pressures, Robinhood is expanding its fintech ecosystem by introducing more card-based banking services, AI-powered portfolio management tools, and wealth management services, enhancing customer retention and market competitiveness.
- Event Contract Innovation: Robinhood offers 'event contracts' through its subsidiary Robinhood Derivatives, allowing users to bet on future event outcomes, which could attract more users and increase trading volumes, thereby boosting overall revenue.
- User Base Growth Potential: With 27.4 million funded customers and 4.3 million Gold subscribers as of the latest quarter, Robinhood is well-positioned to compete with Kalshi and Polymarket, and successfully expanding its prediction market business could provide a new growth engine for the company.
See More
Analysis of Robinhood Markets' 32% Stock Price Decline
- Earnings Report Shortfall: Robinhood's Q1 2026 earnings report fell short of expectations, leading to a stock price drop of over 32%, raising investor concerns that could impact market confidence and future investment decisions.
- Cryptocurrency Revenue Volatility: While cryptocurrency revenue peaked at $358 million in Q4 2024, it plummeted to $134 million in Q1 2026, a 47% quarter-over-quarter decline, highlighting the cyclical nature and volatility of this segment, which may hinder overall revenue growth.
- Diversification Strategy: Robinhood's other transaction revenue rose 7% year-over-year to $623 million, with prediction market revenue surging 320% to $147 million, indicating the company's efforts to diversify its revenue streams and reduce reliance on cryptocurrency.
- Long-Term Market Opportunity: Analysts project that by 2030, trading volume in prediction markets could reach $1 trillion, suggesting that if Robinhood can capitalize on this opportunity, it may significantly enhance its revenue and market position in the coming years.
See More
Robinhood Reports Strong Q1 2026 Financial Results
- Significant Revenue Growth: Robinhood's Q1 total net revenues increased by 15% year-over-year to $1.07 billion, with transaction-based revenues rising 7% and net interest revenues up 24%, indicating strong market performance.
- Slight Net Income Increase: The company's net income rose 3% year-over-year to $346 million, maintaining profitability despite challenges from lower short-term interest rates, reflecting the resilience of its business model.
- Substantial Asset Growth: Total platform assets surged 39% year-over-year to $307 billion, driven by continued net deposits and higher equity valuations, indicating increased customer confidence and market activity.
- Enhanced Trading Activity: Active trader engagement was robust in Q1, leading to double-digit year-over-year growth in equity and options volumes, alongside record volumes in Prediction Markets, Futures, Index Options, Shorting, and Margin, showcasing the company's leadership in diversified financial services.
See More
Coinbase and Kraken Account for 22% of AI Mentions in Crypto
- Market Share Analysis: According to the 5W Public Relations’ 2026 Crypto AI Visibility Index, Coinbase and Kraken together account for 22% of AI mentions in the crypto sector, highlighting their significant presence in consumer intent queries, far exceeding other U.S. exchanges.
- Regulatory Credibility Advantage: Gemini ranks third in the crypto market due to its “regulatory-credibility moat,” possessing a NYDFS trust company charter and full-reserve model, which allows it to lead in regulated trust prompts despite its smaller market scale.
- BlackRock IBIT's Market Impact: BlackRock's IBIT claims between 45% and 49% of U.S. spot Bitcoin ETF assets and an even larger share of Bitcoin ETF AI mentions, demonstrating its rapid consolidation in crypto asset management.
- Retail Sentiment Shift: Although Coinbase's stock dipped 0.1% in after-hours trading, its retail sentiment on Stocktwits remains in the 'bullish' zone, while Kraken's sentiment is in the 'neutral' range, reflecting differing market perceptions of these two companies.
See More
Analysis of Robinhood's 32% Stock Drop
- Earnings Report Shortfall: Robinhood's Q1 2026 earnings report fell short of investor expectations, contributing to a stock price drop of over 32%, reflecting market concerns about its future growth, particularly amid volatile cryptocurrency revenue.
- Cryptocurrency Revenue Fluctuations: While cryptocurrency revenue reached $358 million in Q4 2024, surpassing the total of the previous three quarters, it plummeted to $134 million in Q1 2026, a 47% decline from the prior quarter, highlighting the cyclical and unstable nature of this segment.
- Diversification Strategy: Robinhood's transaction-based revenue rose 7% year-over-year to $623 million, with 'other transaction revenue' soaring 320% to $147 million, indicating potential in prediction markets, with April trading volumes expected to hit $3 billion, marking its second-best month ever.
- Market Sentiment Impact: Despite progress in diversifying revenue, the market remains fixated on cryptocurrency income, suggesting that Robinhood's stock price may continue to be influenced by fluctuations in crypto market sentiment, prompting investors to carefully consider their holding strategies.
See More
Robinhood Stock Down Over 32% Year-to-Date Amid Earnings Miss
- Stock Decline: Robinhood's stock has fallen over 32% year-to-date in 2026, primarily due to an earnings report that failed to meet market expectations, leading to diminished investor confidence and increased selling pressure.
- Cryptocurrency Revenue Volatility: In Q1 2026, Robinhood reported cryptocurrency revenue of $134 million, down 47% from the previous quarter, highlighting the challenges the company faces in a volatile market, although management remains optimistic about the crypto segment.
- Diversified Revenue Sources: Despite cryptocurrency revenue accounting for 18% of total revenue last year, Robinhood's transaction-based revenue rose 7% year-over-year to $623 million, with
See More
Robinhood Expands into Prediction Markets
- Crypto Revenue Decline: In Q1 2026, Robinhood's crypto transaction revenue fell by 47% year-over-year, highlighting the volatility of the crypto market's impact on short-term traders and prompting the company to seek new revenue sources to maintain profitability.
- Fintech Ecosystem Expansion: To offset revenue pressures, Robinhood is expanding its fintech ecosystem by introducing more card-based banking services, AI-powered portfolio management tools, and wealth management services, enhancing customer retention and market competitiveness.
- Event Contract Innovation: Robinhood offers 'event contracts' through its subsidiary Robinhood Derivatives, allowing users to bet on future event outcomes, which could attract more users and increase trading volumes, thereby boosting overall revenue.
- User Base Growth Potential: With 27.4 million funded customers and 4.3 million Gold subscribers as of the latest quarter, Robinhood is well-positioned to compete with Kalshi and Polymarket, and successfully expanding its prediction market business could provide a new growth engine for the company.
See More
