Goldman Sachs Backs Coinbase and Robinhood as Bitcoin Rally Accelerates
TL;DR:
- Stock recommendations: Goldman Sachs maintained its Buy rating for Coinbase Global with a price target of $196 and for Robinhood Markets with a $124 target.
- Institutional flows: The banking institution reported an $86.5 million holding distributed across five spot XRP exchange-traded funds (ETFs) at the close of the second quarter.
- Trading activity: Crypto market trading volume fell 30% in July and posted an additional 21% contraction during August.
Investment bank Goldman Sachs is backing Coinbase and Robinhood by reiterating its Buy ratings, amid a backdrop where the price of Bitcoin surpassed the $80,000 threshold after notching a 26% weekly gain.
Goldman Sachs Turns Cautiously Bullish on Crypto for H2 2026
Despite trading volumes dropping 30% in July + 21% in August (longer than past cycles), the bank sees potential rebound if market cap holds near $2.8T.
Goldman Sachs even increased crypto ETF positions andโฆ https://t.co/uFOip7un77
- Rednirav (@CryptoRednirav) August 25, 2026
The total market capitalization of digital assets reached $2.8 trillion after rebounding 21% over the last seven days. According to Goldman Sachsโ Americas Brokers sector report, transaction volumes experienced a cumulative pullback of nearly 75% from their recent highs.
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