Crypto like COIN, HOOD have bottomed heading into earnings and trades at a 'big' discount, Bernstein says
By Canny
Published on March 30, 2026.
Crypto-linked equities are nearing a bottom heading into Q1 earnings, according to Wall Street broker Bernstein. The sector's roughly 60% drawdown from 2025 highs has created "big businesses at big discounts," according to the broker. The broker expects near-term weakness to persist through Q1 but sees current levels as an entry point for companies with significant exposure to large and growing markets. Since peaking in October 2025, crypto markets have undergone a sharp correction, with bitcoin falling roughly 40%–50% from record highs near $126,000 and the broader digital asset market value declining by about $2 trillion. The analysts revised their price targets while maintaining an upbeat longer-term outlook.
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