Coinbase: Most Institutional Investors Believe Bitcoin is Undervalued in the $85,000 to $95,000 Range

Odaily News Coinbase stated in its released "Charting Crypto Q1 2026 Report" that approximately 70% of institutional investors believe Bitcoin is undervalued in the range of $85,000 to $95,000.

The report shows that Coinbase conducted a survey of 75 institutional investors and 73 independent investors from early December 2025 to early January 2026. Among them, 71% of institutional investors and 60% of independent investors believe Bitcoin is currently undervalued; about 25% of institutional investors consider its valuation reasonable, with only 4% believing it is overvalued. During the survey period, Bitcoin's price largely fluctuated within the range of $85,000 to $95,000.

Coinbase pointed out that since Bitcoin hit its all-time high of approximately $126,000 in October 2025, its price has fallen by over 30%, significantly underperforming precious metals like gold and silver, as well as the U.S. stock market. Influenced by geopolitical tensions, tariff uncertainties, and other factors, sentiment in the crypto market remains cautious.

Regarding investment behavior expectations, 80% of institutional investors indicated that if the market falls another 10%, they would choose to continue holding or buy the dip; over 60% of the surveyed institutions stated they have maintained or increased their crypto asset allocation since October. Additionally, 54% of institutions believe the current market is still in an "accumulation phase" or bear market territory.

Coinbase also anticipates that the Federal Reserve may implement two rate cuts totaling 50 basis points in 2026, which could provide some macro support for risk assets, including crypto assets.