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It's been a volatile week for the shares of Figure Technology Solutions as crypto-linked stocks react to shifting investor sentiment and early signs of a broader market rebound.
FIGR stock fell more than 9% in early Thursday trading, slipping back to the mid-$32 range after climbing near $37 earlier in the week. The earlier gains were driven by momentum in crypto-related equities and growing investor interest in companies tied to blockchain-based lending.
Today's decline extended Figure's more than 20% year-to-date slide, reflecting ongoing uncertainty around both crypto markets and higher-growth technology stocks. The sharp swings highlight how sensitive the stock has become to changes in market sentiment.&nbsp;
<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019dbb31-51f2-7327-bc1a-d11cd71a02c8.png" alt="Figure shares sink 9% as $1B lending milestone meets market volatility">
 <figcaption>Figure Technology Solutions (FIGR) stock opens sharply lower on Thursday. Source: <a href="https://finance.yahoo.com/quote/FIGR/" rel="noopener noreferrer nofollow">Yahoo Finance</a>
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Despite renewed volatility, Figure has attracted <a href="https://cointelegraph.com/news/figure-stock-bernstein-loan-growth-tokenization-outlook" rel="noopener noreferrer nofollow">positive coverage from Bernstein</a>, which said the stock is undervalued given its tokenized credit platform and growing loan volumes. Bernstein assigned Figure a $67 price target, implying roughly 2x upside from current levels.
Figure Technology is a fintech company that uses blockchain to originate and manage consumer loans, including home equity products. CEO Michael Tannenbaum recently revealed that the company processed more than $1 billion in monthly volume for the first time.&nbsp;
<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019dbb35-0e6b-7050-acf1-555c26db3f58.png" alt="Figure shares sink 9% as $1B lending milestone meets market volatility">
 <figcaption>Source: <a href="https://x.com/MBTannenbaum/status/2040158484965261341" rel="noopener noreferrer nofollow">Michael Tannenbaum</a>
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Related: <a href="https://cointelegraph.com/news/figure-technology-solutions-stock-post-earnings" rel="noopener noreferrer nofollow">Figure Technology stock crashes 20% following mixed Q4 earnings</a>
<h2 id="crypto-market-sentiment-shift-underway">Crypto market sentiment shift underway</h2>
Figure is not alone in seeing volatility this year, as crypto-linked stocks have been pressured by falling digital asset prices and shifting risk sentiment tied to geopolitics and interest rates.&nbsp;
However, <a href="https://cointelegraph.com/news/crypto-stocks-fall-60-bernstein-sees-opportunity" rel="noopener noreferrer nofollow">a separate Bernstein note</a> said many of these names, including Robinhood Markets, <a href="https://cointelegraph.com/news/circle-stock-downgrade-drift-exploit-impact" rel="noopener noreferrer nofollow">Circle</a> and Coinbase, along with Figure, may be nearing a bottom or have already bottomed ahead of first-quarter earnings. At their lowest, these and other crypto stocks were down more than 50% from last year's highs.
That shift has coincided with a rebound in crypto prices, with Bitcoin recently climbing toward $80,000 and Ether moving above $2,400.
Figure expects to release Q1 earnings on May 11, after the market close. The average forecast is for earnings of $0.22 per share, on revenue of $160.3 million, <a href="https://finance.yahoo.com/quote/FIGR/analysis/" rel="noopener noreferrer nofollow">according</a> to Yahoo Finance.
Related: <a href="https://cointelegraph.com/news/jpmorgan-dimon-blockchain-competitors-kinexys-ai" rel="noopener noreferrer nofollow">JPMorgan's Jamie Dimon sees ‘new competitors’ from blockchain, stablecoins</a>

Figure shares sink 9% as $1B lending milestone meets market volatility

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