Bitcoin rose 26% to break 80,000 in the week, and Goldman Sachs's $2.25 billion acquisition attracted attention

Zhitongcaijing · 3d ago

According to Woofun AI, Bitcoin's weekly price rose 26% and crossed the $80,000 mark, and Goldman Sachs maintained a 'buy' rating for Coinbase (COIN.US) and Robin Hood (HOOD.US) to support these two exchanges. The overall market value of digital assets rose to $2.8 trillion, up 21% from the previous seven days, but trading volume has accumulated a retracement of nearly 75% from recent highs. Analysts believe that if valuations remain at current levels, exchange operations are expected to recover, and rising spot prices will attract more retail and institutional investors, thereby increasing commission revenue for listed companies.

According to data compiled by Woofun AI, Coinbase (COIN.US) shares rose more than 21% in the past week, while Robin Hood (HOOD.US) shares rose 12%. Analyst James Yarrow raised the target price of Coinbase (COIN.US) from $173 to $196. The two platforms are expanding new businesses such as forecasting markets, tokenized stock trading, and perpetual contract futures trading. Less than two months after the establishment of the Coinbase (COIN.US) derivatives business division, annual revenue has reached 100 million US dollars. Bernstein predicts that by the end of 2026, Robin Hood (HOOD.US) forecast market revenue could reach $586 million, compared to just $150 million in 2025. In July, Robin Hood (HOOD.US) launched a layer 2 platform 'Robin Hood Chain' on Ethereum for tokenized securities settlement and trading during non-standard US market trading hours.

In terms of institutional asset allocation, Goldman Sachs disclosed in the 13F filing submitted in the second quarter that it holds $86.5 million worth of Ripple spot investment products and diversifies investments in Franklin Templeton Fund, Bitwise, Canary Capital, 21Shares, and Grayscale (Grayscale) managed products. The document did not mention intraday transactions, nor did it explain whether the assets were held by the client or Goldman Sachs itself.

Additionally, Goldman Sachs agreed in August to acquire asset management company Neos Investments for up to $2.25 billion, which manages an exchange-traded fund based on Bitcoin and Ethereum options strategies worth more than $30 billion.

The rebound in digital asset-related stocks coincided with Washington's legislative discussions on the US Securities and Exchange Commission's investment contract regulation proposal. The U.S. Senate review of the CLARITY bill is also underway, and a procedural vote on the bill is scheduled to be held on September 15.