Bernstein Recommends Buying Discounted Crypto and Fintech Stocks Amid 60% Price Drops

Mar 30, 2026 19:06 UTC

COIN, HOOD, FIG

Short term

Coinbase, Robinhood, and Figure have all fallen 60% from their peaks, prompting Bernstein to suggest buying the dip in these discounted names. The analyst sees potential in the sector despite the steep declines.

Coinbase, Robinhood, and Figure have all fallen 60% from their peaks
Bernstein analyst Matt Switlik recommends buying the dip in these stocks
The declines reflect broader market concerns about crypto volatility and regulatory issues
Switlik sees potential for recovery in the long term
Fintech sector is undergoing consolidation and cost reevaluation

Coinbase Global Inc. (COIN), Robinhood Markets Inc. (HOOD), and Figure Technologies Inc. (FIG) have all experienced significant declines, with their stock prices dropping 60% from recent highs. Bernstein analyst Matt Switlik has issued a recommendation to consider purchasing these discounted shares, citing potential for recovery in the crypto and fintech sectors. The sharp pullbacks have left these companies trading at levels not seen since the early stages of their market entries. While the declines reflect broader market concerns about the crypto industry's volatility and regulatory uncertainties, Switlik argues that the current valuations present an opportunity for investors willing to take a long-term view. The analyst's note comes amid a period of consolidation in the fintech space, where companies are reevaluating business models and cost structures. Investors in these names may see further volatility as the sector navigates regulatory developments and macroeconomic conditions.