Goldman Sachs Identifies Three Promising Crypto-Related Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 26 2026
0mins
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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy HOOD?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 105.710
Low
130.00
Averages
156.24
High
181.00
Current: 105.710
Low
130.00
Averages
156.24
High
181.00
About HOOD
Robinhood Markets, Inc. is focused on providing financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to investors. Its offerings include Brokerage, Robinhood Crypto, Custody, Robinhood Wallet, Robinhood Gold, and Robinhood Gold Card. 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. It also operates regulated crypto platforms including Bitbuy and Coinsquare. Its self-clearing system, order routing system, data platform, and other back-end infrastructure 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.
Robinhood Trading Volume Surge Prompts Analysts to Reaffirm Buy Ratings
- Record Trading Volumes: Robinhood's June month-to-date volume update indicates that equities, options, and prediction markets are on track for record trading, while crypto volumes, although suppressed, are showing positive month-over-month trends, suggesting a potential double-digit increase in Q2 transaction revenues.
- Analyst Ratings Reaffirmed: Truist Securities reiterated a Buy rating on Robinhood with a $100 price target, which is approximately 6% below the current trading level, reflecting confidence in the company's future performance despite the modest downside.
- Market Reaction Analysis: Following the announcement of convertible notes, Robinhood's stock experienced a 1-2 point decline, which Truist attributed to uncertainty surrounding the rationale for the capital raise and arbitrage activities related to the convertible structure, indicating a cautious market sentiment regarding the company's financial strategies.
- Growth Drivers Identified: Cantor Fitzgerald raised its price target for Robinhood to $130, highlighting the launch of Rothera and the anticipated boost in prediction market activity from the upcoming FIFA World Cup as key factors that could enhance the company's growth prospects.
See More
Meta Plans to Launch Prediction Market Platform
- Platform Development: CEO Mark Zuckerberg has directed staff to create a prediction market platform called 'Arena', which will operate separately from Instagram and Facebook, aiming to leverage Meta's vast user base.
- Innovative Trading Mechanism: The app will utilize a video-game style points system for trading instead of traditional monetary bets, potentially attracting more users and lowering barriers to entry.
- Market Impact Assessment: The introduction of the prediction market platform could disrupt existing sports betting businesses, leading to stock declines for companies like DraftKings and Flutter Entertainment, reflecting market concerns about new competition.
- Future Monetary Use Possibility: While the platform currently does not use real money for transactions, there is potential for monetary trading to be introduced in the future, which would further alter user engagement and market dynamics.
See More
SoFi Acquires AI Startup Composer to Enhance Retail Trading
- Acquisition of AI Startup: SoFi announced its acquisition of AI startup Composer, aimed at empowering retail investors to build and execute complex trading strategies, thereby breaking Wall Street's monopoly on sophisticated investment tools and enhancing retail investment capabilities.
- AI Empowering Investment: CEO Anthony Noto stated that AI will become foundational to investing, akin to the transformation seen in mobile banking, and is expected to completely change the financial industry by enabling everyday investors to easily build and test investment strategies.
- Significant User Growth: SoFi reported a 35% increase in members to a record 14.7 million in Q1, with adjusted revenue surging 41% to a record $1.1 billion, showcasing its strong performance in the retail investor services market.
- Intensified Market Competition: Following the pandemic-driven trading boom that attracted millions of new customers, competition among brokerages has intensified, and SoFi aims to stand out in the crowded market by acquiring Composer and offering community-created strategies to enhance customer engagement.
See More
Nasdaq Set for Worst Opening in Weeks Amid Tech Selloff
- Tech Stock Selloff: Nasdaq futures fell 2.7%, S&P 500 futures declined 1.5%, and Dow futures dropped 0.7%, indicating a bearish sentiment among investors as the ongoing selloff in megacap tech stocks weighs heavily on market confidence.
- Asian Market Reaction: The South Korean Kospi index triggered a circuit breaker due to reports of SK Hynix slowing its AI memory expansion, reflecting the spillover effects of the tech selloff into Asian markets and exacerbating global investor concerns.
- Economic Data Focus: Investors are awaiting the upcoming ADP Employment Report and S&P Global PMI Composite Flash, which will provide the latest insights into economic health and could influence future investment decisions.
- Stock Movements: SpaceX shares fell 4% in early trading amid plans to raise at least $20 billion in investment-grade debt to fund its AI ambitions, while Tesla faces federal scrutiny despite strong European delivery registrations, highlighting the market's heightened sensitivity to tech stock developments.
See More
Robinhood Markets Completes $2 Billion Private Offering
- Private Offering Size: Robinhood Markets has successfully priced a $2 billion non-interest-bearing senior debt offering, reflecting market confidence in its financing needs and expected to strengthen the company's capital structure.
- Expected Use of Funds: The proceeds from this offering are intended to support the company's operations and strategic investments, aiming to enhance market competitiveness and provide funding for future growth.
- Market Reaction Analysis: Despite mixed sentiments regarding Robinhood's overall performance, the successful private offering may improve investor confidence, potentially leading to a positive impact on the stock price.
- Strategic Financing Plan: Through this private placement, Robinhood demonstrates its flexibility in capital markets, indicating the company's commitment to diversifying its financing channels to address market challenges.
See More
Robinhood Prices $2 Billion Convertible Note Offering for Strategic Flexibility
- Convertible Note Offering: Robinhood priced a $2 billion 0.00% convertible note offering on Monday, expecting net proceeds of approximately $1.97 billion, with $290 million allocated for share repurchases and $112 million for capped call transactions, indicating strategic financial maneuvering.
- Market Reaction: Despite surging trading volumes, Robinhood's shares fell 4% after the pricing announcement, reflecting investor caution regarding the new capital raise, with HOOD stock dropping over 2% on Monday, breaking a two-day winning streak.
- Strong Trading Activity: As of June 18, Robinhood's equity trading volume reached $269 billion, about 85% of May's total, showcasing the company's active market presence and growth potential, with the CEO noting over 50,000 customers opened agentic trading accounts shortly after launch.
- Future Strategic Plans: The convertible note issuance not only provides Robinhood with financial flexibility but may also be used for future acquisitions and capital expenditures, with the CEO's comments indicating a commitment to being “disruptive” in the IPO market, thereby enhancing its competitive position.
See More
Robinhood Trading Volume Surge Prompts Analysts to Reaffirm Buy Ratings
- Record Trading Volumes: Robinhood's June month-to-date volume update indicates that equities, options, and prediction markets are on track for record trading, while crypto volumes, although suppressed, are showing positive month-over-month trends, suggesting a potential double-digit increase in Q2 transaction revenues.
- Analyst Ratings Reaffirmed: Truist Securities reiterated a Buy rating on Robinhood with a $100 price target, which is approximately 6% below the current trading level, reflecting confidence in the company's future performance despite the modest downside.
- Market Reaction Analysis: Following the announcement of convertible notes, Robinhood's stock experienced a 1-2 point decline, which Truist attributed to uncertainty surrounding the rationale for the capital raise and arbitrage activities related to the convertible structure, indicating a cautious market sentiment regarding the company's financial strategies.
- Growth Drivers Identified: Cantor Fitzgerald raised its price target for Robinhood to $130, highlighting the launch of Rothera and the anticipated boost in prediction market activity from the upcoming FIFA World Cup as key factors that could enhance the company's growth prospects.
See More
Meta Plans to Launch Prediction Market Platform
- Platform Development: CEO Mark Zuckerberg has directed staff to create a prediction market platform called 'Arena', which will operate separately from Instagram and Facebook, aiming to leverage Meta's vast user base.
- Innovative Trading Mechanism: The app will utilize a video-game style points system for trading instead of traditional monetary bets, potentially attracting more users and lowering barriers to entry.
- Market Impact Assessment: The introduction of the prediction market platform could disrupt existing sports betting businesses, leading to stock declines for companies like DraftKings and Flutter Entertainment, reflecting market concerns about new competition.
- Future Monetary Use Possibility: While the platform currently does not use real money for transactions, there is potential for monetary trading to be introduced in the future, which would further alter user engagement and market dynamics.
See More
SoFi Acquires AI Startup Composer to Enhance Retail Trading
- Acquisition of AI Startup: SoFi announced its acquisition of AI startup Composer, aimed at empowering retail investors to build and execute complex trading strategies, thereby breaking Wall Street's monopoly on sophisticated investment tools and enhancing retail investment capabilities.
- AI Empowering Investment: CEO Anthony Noto stated that AI will become foundational to investing, akin to the transformation seen in mobile banking, and is expected to completely change the financial industry by enabling everyday investors to easily build and test investment strategies.
- Significant User Growth: SoFi reported a 35% increase in members to a record 14.7 million in Q1, with adjusted revenue surging 41% to a record $1.1 billion, showcasing its strong performance in the retail investor services market.
- Intensified Market Competition: Following the pandemic-driven trading boom that attracted millions of new customers, competition among brokerages has intensified, and SoFi aims to stand out in the crowded market by acquiring Composer and offering community-created strategies to enhance customer engagement.
See More
Nasdaq Set for Worst Opening in Weeks Amid Tech Selloff
- Tech Stock Selloff: Nasdaq futures fell 2.7%, S&P 500 futures declined 1.5%, and Dow futures dropped 0.7%, indicating a bearish sentiment among investors as the ongoing selloff in megacap tech stocks weighs heavily on market confidence.
- Asian Market Reaction: The South Korean Kospi index triggered a circuit breaker due to reports of SK Hynix slowing its AI memory expansion, reflecting the spillover effects of the tech selloff into Asian markets and exacerbating global investor concerns.
- Economic Data Focus: Investors are awaiting the upcoming ADP Employment Report and S&P Global PMI Composite Flash, which will provide the latest insights into economic health and could influence future investment decisions.
- Stock Movements: SpaceX shares fell 4% in early trading amid plans to raise at least $20 billion in investment-grade debt to fund its AI ambitions, while Tesla faces federal scrutiny despite strong European delivery registrations, highlighting the market's heightened sensitivity to tech stock developments.
See More
Robinhood Markets Completes $2 Billion Private Offering
- Private Offering Size: Robinhood Markets has successfully priced a $2 billion non-interest-bearing senior debt offering, reflecting market confidence in its financing needs and expected to strengthen the company's capital structure.
- Expected Use of Funds: The proceeds from this offering are intended to support the company's operations and strategic investments, aiming to enhance market competitiveness and provide funding for future growth.
- Market Reaction Analysis: Despite mixed sentiments regarding Robinhood's overall performance, the successful private offering may improve investor confidence, potentially leading to a positive impact on the stock price.
- Strategic Financing Plan: Through this private placement, Robinhood demonstrates its flexibility in capital markets, indicating the company's commitment to diversifying its financing channels to address market challenges.
See More
Robinhood Prices $2 Billion Convertible Note Offering for Strategic Flexibility
- Convertible Note Offering: Robinhood priced a $2 billion 0.00% convertible note offering on Monday, expecting net proceeds of approximately $1.97 billion, with $290 million allocated for share repurchases and $112 million for capped call transactions, indicating strategic financial maneuvering.
- Market Reaction: Despite surging trading volumes, Robinhood's shares fell 4% after the pricing announcement, reflecting investor caution regarding the new capital raise, with HOOD stock dropping over 2% on Monday, breaking a two-day winning streak.
- Strong Trading Activity: As of June 18, Robinhood's equity trading volume reached $269 billion, about 85% of May's total, showcasing the company's active market presence and growth potential, with the CEO noting over 50,000 customers opened agentic trading accounts shortly after launch.
- Future Strategic Plans: The convertible note issuance not only provides Robinhood with financial flexibility but may also be used for future acquisitions and capital expenditures, with the CEO's comments indicating a commitment to being “disruptive” in the IPO market, thereby enhancing its competitive position.
See More
