We introduce the first randomized algorithms for Quantum Singular Value Transformation (QSVT), a unifying framework for many quantum algorithms. Standard implementations of QSVT rely on block encodings of the Hamiltonian, which are costly to construct, requiring a logarithmic number of ancilla qubits, intricate multi-qubit control, and circuit depth scaling linearly with the number of Hamiltonian terms. In contrast, our algorithms use only a single ancilla qubit and entirely avoid block encodings. We develop two methods: (i) a direct randomization of QSVT, where block encodings are replaced by importance sampling, and (ii) an approach that integrates qDRIFT into the generalized quantum signal processing framework, with the dependence on precision exponentially improved through classical extrapolation. Both algorithms achieve gate complexity independent of the number of Hamiltonian terms, a hallmark of randomized methods, while incurring only quadratic dependence on the degree of the target polynomial. We identify natural parameter regimes where our methods outperform even standard QSVT, making them promising for early fault-tolerant quantum devices. We also establish a fundamental lower bound showing that the quadratic dependence on the polynomial degree is optimal within this framework. We apply our framework to two fundamental tasks: solving quantum linear systems and estimating ground-state properties of Hamiltonians, obtaining polynomial advantages over prior randomized algorithms. Finally, we benchmark our ground-state property estimation algorithm on electronic structure Hamiltonians and the transverse-field Ising model with long-range interactions. In both cases, our approach outperforms prior work by several orders of magnitude in circuit depth, establishing randomized QSVT as a practical and resource-efficient alternative for early fault-tolerant quantum devices.

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