PANews reported on March 28th that, according to Forbes, Goldman Sachs analyst James Yaro stated that the current decline in Bitcoin and the crypto market "has roughly reached the average level of historical cycles from peak to trough," suggesting that prices may be nearing a temporary bottom. Bitcoin recently fell back to around $60,000, with the market generally remaining volatile. However, Goldman Sachs also warned that current trading volume remains low and may decline further in the coming months, putting pressure on prices. In a low-liquidity environment, the Bitcoin and crypto markets are more prone to sharp fluctuations, and even if a rebound occurs, it may be difficult to sustain. Yaro pointed out that historically, low-volume phases in the crypto market typically last about three months.

Furthermore, Goldman Sachs predicts that if trading volume continues to shrink, crypto-related companies' revenue could decline by about 2% and profits by about 4% in 2026. Nevertheless, Goldman Sachs maintains its "buy" rating on crypto-related companies such as Coinbase and Robinhood, believing that current valuations are gradually becoming attractive.

It's worth noting that Goldman Sachs CEO David Solomon recently revealed he holds a small amount of Bitcoin, a shift from his previous stance that crypto assets "lack practical use." Market analysts point out that Bitcoin retreated after encountering resistance around $72,000, with technical indicators trending neutral, and short-term trends remain uncertain, possibly indicating a consolidation phase.