Which statement correctly compares peptide hormones and steroid hormones?

Both peptide and steroid hormones are lipid-soluble and bind to nuclear receptors.

Peptide hormones are water-soluble and bind to membrane receptors, while steroid hormones are lipid-soluble and bind to nuclear receptors.

Peptide hormones are lipid-soluble and bind to membrane receptors, while steroid hormones are water-soluble and bind to nuclear receptors.

Both peptide and steroid hormones are water-soluble and bind to membrane receptors.