Goldman dey flag possible BTC bottom near $70K as liquidation dey ease
Goldman Sachs analysts talk say BTC and the wider crypto mata don reach bottom, dey reason say things don steady, liquidity don improve and pressure wey dey make people sell for force/liquidation don ease. The bank no carry matter go fully bullish, dem describe the move as “volatile but flattish” and dem dey expect about three months of consolidation — similar to how bottoms don form before.
BTC don drop about 45%–46% from im ~ $126,000 peak for October 2025, e dey trade around ~$66,000–$71,000 (CoinGecko ~66,686; +0.42% 24h on the latest snapshot). For on‑chain, short‑term holders (STH) inflows into Binance don fall to about 25,000 BTC (near multi‑year lows), pattern wey often align with the end of panic selling as BTC bottom dey form.
Goldman also point to crypto equity valuations (HOOD, FIGR, COIN) but warn say falling trading volumes fit cut 2026 revenue by ~2% and profits by ~4%, with low‑volume periods usually last roughly three months. For traders, the key takeaway na BTC bottom thesis wey get support from weaker forced selling and exchange‑inflow stress — but near‑term setup still favour chop/consolidation rather than immediate breakout.
Neutral
Dis news dey support di BTC bottom theory but e no clear bullish breakout signal. Goldman focus for reduce forced-selling/liquidation pressure and steady liquidity mean say di downside fit limited, and di on-chain drop for short-term holder (STH) inflows to Binance match how bottoms dey form after panic selling. But Goldman still dey expect about three months of "volatile but flattish" consolidation, and lower trading volumes fit affect wider crypto activity and equity sentiment. Net effect: BTC likely go range/chop while market dey digest di relief rally, making am neutral for immediate price direction, though medium-term risk of further sharp downside dey reduced.