Goldman Sachs in the Bitcoin Business?
Most large banks have traditionally avoided investing in cryptocurrencies like bitcoin, which are viewed as too controversial and scandal-plagued to associate with. But that may be changing, as Goldman Sachs is taking steps to create the first bitcoin trading operation on Wall Street.
Goldman, who hired former Seven Eight Capital electronic trader Justin Schmidt as its first digital asset trader, plans to use its money to trade with clients on bitcoin-linked contracts. They will also offer a flexible future called a non-deliverable forward to their clientele. Goldman will not buy and sell bitcoin upon launching their new service, though the team in charge of the new program left open that possibility in the future (pending regulatory approval and ability to negate the risks that come with holding the currency.)
The past two years have seen cryptocurrency prices and profiles boom – even so, traditional, well-established institutions have been slower to come on board to what they perceived as a regulatory minefield. But they have had a hard time ignoring skyrocketing prices, and with payment services like Square now offering bitcoin services and some commodity exchanges trading bitcoin futures contracts, it appears cryptocurrencies are well on their way to the mainstream.
The decision is not without risk – the same uncertainties about future regulatory climate that precipitated bitcoin’s sharp decline in value earlier this year remain, and the company needs to find a way of securing their holdings that meets Wall Street standards. But Goldman’s board of directors ultimately approved the decision to begin trading bitcoin contracts after ensuring its legitimacy, having found it increasingly difficult to ignore inquiries from its clients about digital currencies. Some were clamoring to hold it as a limited-supply commodity, like gold; multiple hedge funds and endowments reached out asking for advice on how to handle crypto that had come into their possession. “It resonates with us when a client says, ‘I want to hold bitcoin or bitcoin futures because I think it is an alternate store of value,’” said Rana Yared, part of the team of Goldman executives assigned to the project.
The banking giant remains realistic in assessing digital currencies – “I would not describe myself as a true believer who wakes up thinking bitcoin will take over the world,” said Yared. But one of the world’s biggest banks showing interest in bitcoin is a major legitimizing factor for all cryptocurrency. This is a logical step as Goldman works to position themselves as the most technically-sophisticated firm on Wall Street – and they remain acutely aware of the consequences. “It is not a new risk that we don’t understand,” added Yared. “It is just a heightened risk that we need to be extra aware of here.”
Aroon Indicator for BTC.X shows an upward move is likely
BTC.X's Aroon Indicator triggered a bullish signal on September 25, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 433 similar instances where the Aroon Indicator showed a similar pattern. In of the 433 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The 10-day moving average for BTC.X crossed bullishly above the 50-day moving average on October 03, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 440 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for BTC.X moved out of overbought territory on October 07, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 53 similar instances where the indicator moved out of overbought territory. In of the 53 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 91 cases where BTC.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on October 10, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on BTC.X as a result. In of 139 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BTC.X turned negative on October 10, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 66 similar instances when the indicator turned negative. In of the 66 cases the stock turned lower in the days that followed. This puts the odds of success at .
BTC.X moved below its 50-day moving average on October 14, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BTC.X broke above its upper Bollinger Band on October 02, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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