The villain here is not your usual action villain. Keanu Reeves' character forms a complex bond with him and surfing culture to the point where it breaks his heart to have to bring him down. Swayze plays him like a charismatic cult leader and its believable that he'd sway enough people to get them onside for bank heists, all in the name of adrenaline.
This makes Point Break not a film of "bad guys vs good guys" but a real exploration of a subculture and how it gets inside people's heads.
It help that this is also a kick ass, brilliantly shot action film, with incredible sequences like the foot chase through LA and the skydiving making it as exciting as it is thoughtful. Unfortunately it came out in the same year as Terminator 2 so was (and is) criminally overlooked.