Odaily Planet News: In its "Charting Crypto Q1 2026" report, Coinbase stated that about 70% of institutional investors believe Bitcoin is undervalued in the range of $85,000 to $95,000.
According to the report, Coinbase conducted a survey of 75 institutional investors and 73 independent investors between early December 2025 and early January 2026. Among them, 71% of institutional investors and 60% of independent investors believed that Bitcoin was currently undervalued; approximately 25% of institutional investors considered its valuation to be reasonable, and only 4% thought it was overvalued. During the survey period, the price of Bitcoin fluctuated within a range of approximately $85,000 to $95,000.
Coinbase noted that after Bitcoin reached a historical high of approximately $126,000 in October 2025, its price has fallen more than 30%, significantly underperforming precious metals such as gold and silver, as well as the U.S. stock market. Influenced by factors such as geopolitical tensions and uncertainties regarding tariffs, sentiment in the cryptocurrency market remains cautiously pessimistic.
Regarding investment behavior expectations, 80% of institutional investors stated that if the market declines another 10%, they would choose to continue holding or increase their positions at lower prices. Additionally, over 60% of the surveyed institutions said they have maintained or increased their crypto asset allocations since October. Moreover, 54% of the institutions believe the current market is still in an "accumulation phase" or within a bear market.
Coinbase also anticipates that the Federal Reserve may cut interest rates twice in 2026, for a total of 50 basis points, which could provide some macroeconomic support for risk assets, including crypto assets.