Goldman Flags Possible BTC Bottom Near $70K as Liquidation Eases

Goldman Sachs analysts said BTC and broader crypto “may have bottomed,” citing stabilization, improving liquidity, and easing forced-selling/liquidation pressure. The bank stopped short of a fully bullish call, describing the move as “volatile but flattish” and expecting roughly three months of consolidation—similar to historical bottoming patterns. BTC is down about 45%–46% from its ~$126,000 October 2025 peak, trading in the ~$66,000–$71,000 zone (CoinGecko ~66,686; +0.42% 24h in the latest snapshot). On-chain, short-term holder (STH) inflows into Binance fell to around 25,000 BTC (near multi-year lows), a pattern that often coincides with the end of panic selling as a BTC bottom forms. Goldman also pointed to crypto equity valuations (HOOD, FIGR, COIN) but warned that declining trading volumes could trim 2026 revenue by ~2% and profits by ~4%, with low-volume periods typically lasting about three months. For traders, the key takeaway is a BTC bottom thesis supported by weakening forced selling and exchange-inflow stress—yet the near-term setup still favors chop/consolidation rather than an immediate breakout.