[Goldman Sachs Research Report Shows Crypto Market Cap Rose 34% in Q3, Raises Price Targets for Multiple Crypto-Related Stocks] Goldman Sachs' research report dated September 8, 2026, indicated that the crypto market cap rose 34% in Q3. The coverage group's average 3Q26E revenue estimate was raised by 10%, with the median 2026 EPS estimate up by 1%, and the median target P/E ratio increased from 29.5x to 32.5x. The price target for COIN was raised from $196 to $219, CRCL from $81 to $92, ETOR from $32 to $36, GLXY from $25 to $28, BTGO from $6.50 to $7.25, and GEMI from $3.50 to $4.00. Goldman Sachs believes the market cap increase has driven growth in custody, staking, and stablecoin-related revenues. Trading volume for 3Q26 to date is down 8% quarter-over-quarter, but rebounded 16% month-over-month in August.