Since their peaks in October 2025, stock securities linked to cryptos (Coinbase, Robinhood and Figure) have lost between 57 and 62% of their value. The American broker Bernstein, however, believes that they are approaching a bottom, and sees in this correction a rare entry opportunity before a rebound driven by stablecoins and tokenization.
The fall of cryptos takes everything with it
All crypto investors remember: in October 2025, Bitcoin stalled, after having broken through its historical record à 126 000 dollarsto fall around $68,000 today, a drop of more than 45%. The total capitalization of the sector has fallen by around $800 billion in a few months. And took with it the shares of companies exposed to cryptos.
Indeed, Coinbase, Robinhood, and Figure stock prices have all lost between 57 and 62% since their October highs. Several factors explain this decline. Already, geopolitical tensions have weighed on all assets considered as « risqués »that is to say the stock market like cryptocurrencies. Uncertainties over the regulation of cryptocurrencies and a wave of cascading liquidations on leveraged positions did the rest, amplifying the correction.
🪙 Bitcoin (BTC) fall below $68,000: is now the time to invest in crypto?
As uncertainty weighing on the crypto sector, there was in particular the CLARITY Act. This was to clarify the distribution of powers between the SEC and the CFTC over cryptocurrencies. Adopted by the House of Representatives in July 2025 with 294 votes to 134, the text has been blocked in the Senate since, delaying everything.
In January 2026, the Banking Committee postponed its vote after Coinbase first withdrew its support for the bill, judging the revised version “worse than the status quo ”. In March 2026, Coinbase once again withdrew its support on the latest version of the project, and this time, so did the banks. The compromise proposed by the White House found itself blocked, sowing new doubt over the adoption of the text this year.
Bernstein stays on course for the long term
It is in this context that the broker Bernstein published, this Monday, March 30, a note in which its analysts, led by Gautam Chhugani, estimate that these are currently “big companies at cut pricesâ€. In short: an opportunity.
However, the broker has revised its price targets downwards: Coinbase goes from 440 to 330 dollars (the title was trading around 170 dollars at the time of writing this article), Robinhood from 160 to 130 dollars (for a price of around 70 dollars), and Figure from 72 to 67 dollars (33 dollars currently). Despite these revisions, Bernstein maintains its recommendation « sous-évalué » on the three values.
ðŸ—žï¸ Also related – Coinbase wants to revolutionize the stock market with the tokenization of its COIN stock
For the broker, the results for the first quarter of 2026 should cause the price to reach a floor… before gradual normalization. The group is banking on the usual growth engines: stablecoins, the tokenization of real assets and the development of derivatives markets, which are still present.
Finally, the brokerage reaffirms its Bitcoin price target at $150,000 by the end of the year, banking on institutional flows and a regulatory framework that continues to advance.
Source : Coindesk
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After training in journalism, I worked for a few years in the general press before discovering the world of personal finance and the stock market. Having fallen into cryptos since 2020, I am particularly interested in deciphering the news that influences the crypto markets. My goal? Always teach my readers more by providing the most precise and accurate information possible.
Justine Ferrari
342 articles
