Goldman Sachs says it's cautiously optimistic about the crypto market for the second half of 2026, and it's putting money behind that view. The bank has increased its positions in crypto ETFs and is recommending investors buy shares of Coinbase Global (COIN) and Robinhood Markets (HOOD). The call comes even as trading volumes across the crypto market remain low.
Low volumes, high hopes
The optimism stands out because it arrives during a quiet stretch for crypto trading. Volumes have been subdued, but Goldman isn't letting that dampen its outlook. The bank hasn't detailed exactly what's driving the shift, but it's clearly comfortable enough with the setup to add exposure.
ETF positions grow
Goldman has increased its crypto ETF holdings. The bank doesn't break out the exact size of the move, but the change in direction is notable after a period of mixed sentiment on Wall Street about digital assets.
The picks: COIN and HOOD
On the equity side, Goldman is telling clients to buy Coinbase Global and Robinhood Markets. Both companies have built businesses around retail and institutional crypto trading, so a positive crypto tape would likely help their earnings. The recommendation is a clear bet on crypto activity picking up again, even if it hasn't yet.
For now, Goldman's stance is a contrarian one—cautious but still leaning in. The next few months will show whether that optimism translates into a real rebound in trading volumes or if it's just a strategic hedge.
