Crypto Stocks Near Bottom Before Earnings

Wall Street research firm Bernstein thinks crypto‑linked shares are close to a bottom as the market heads into first‑quarter earnings. The sector has lost about 60 % of its value since reaching highs in October 2025, creating large opportunities for investors. Geopolitical tensions and short‑term negative feelings about crypto have pushed prices down, offering a good entry point into companies that benefit from growing areas such as stablecoins, tokenization and digital derivatives. The firm expects short‑term weakness to continue through the first quarter but sees current levels as a chance to buy into big businesses at steep discounts. Bitcoin has dropped roughly 40 %–50 % from its peak near $126, 000, and the overall digital‑asset market has lost about $2 trillion in value. A mix of macro pressures, regulatory uncertainty and the unwinding of borrowed positions has erased many gains from the previous bull run. This decline has also hurt crypto‑linked equities, making investors more cautious as 2026 approaches.In this environment Bernstein has updated its price targets but keeps a positive long‑term view. The firm still rates Coinbase, Robinhood and Figure as out‑performing stocks. It lowered its target for Coinbase to $330 from $440, for Robinhood to $130 from $160, and for Figure to $67 from $72. At the time of publication Coinbase traded around $165. 50, Robinhood at $67. 10 and Figure at $31. 14. The analysts say that while macro uncertainty and weak crypto sentiment have depressed valuations, earnings reports later this year should clarify fundamentals and help stabilize sentiment. They also noted that bitcoin appears to have found a bottom and could rise further, maintaining a $150, 000 year‑end target.