Goldman Sachs analyst: The current decline in the crypto market has reached the average level of historical lows.

Deep Tide TechFlow message. March 28, according to Forbes, Goldman Sachs analyst James Yaro said that this round of Bitcoin and crypto market declines “have largely reached the historical cycle average level from peak to trough,” suggesting prices may be nearing a phase bottom.

Recently, Bitcoin briefly fell to around $60,000. Overall, the market has remained choppy. However, Goldman Sachs also warned that trading volume in the current market has continued to stay weak, and in the coming months it may fall further, creating downward pressure on prices. In a low-liquidity environment, the Bitcoin and crypto markets are more prone to sharp volatility, and even if a rebound occurs, it may be difficult to sustain. Yaro noted that historically, the low-trading phase in crypto markets typically lasts about 3 months.

In addition, Goldman Sachs expects that if trading volume continues to shrink, it could lead to a roughly 2% decline in 2026 revenue for crypto-related companies and about a 4% drop in profits. Even so, Goldman Sachs still maintains “buy” ratings for crypto-related companies such as Coinbase and Robinhood, saying current valuations are gradually becoming attractive.

It’s also worth noting that Goldman Sachs CEO David Solomon recently disclosed that he has held a small amount of Bitcoin, indicating a shift from his earlier stance that crypto assets lacked practical use. Market analysts pointed out that after Bitcoin was rejected near $72,000 and pulled back, technical indicators have moved toward neutral, and the short-term outlook remains uncertain, possibly entering a consolidation phase.