Goldman Sachs has backed Coinbase and Robinhood shares as Bitcoin’s 26% weekly rally has lifted the cryptocurrency above $80,000 despite an extended decline in market trading volume.
Summary
- Goldman Sachs maintained buy ratings on Coinbase and Robinhood, with targets of $196 and $124.
- Crypto trading volume fell 30% in July before declining another 21% in August.
- Goldman disclosed about $86.5 million of exposure across five spot XRP ETFs for the second quarter.
- Bitcoin reached roughly $81,255 before profit-taking pulled its price back toward $79,000.
Goldman Sachs expects crypto activity to recover
Goldman Sachs said in its latest Americas Brokerage and…
