Coinbase: Most institutional investors believe that Bitcoin is undervalued in the range of $85,000 to $95,000

Coinbase stated in its released "Charting Crypto Q1 2026 Report" that about 70% of institutional investors believe Bitcoin is undervalued in the range of $85,000 to $95,000. The report shows that Coinbase surveyed 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 that Bitcoin's current valuation is low; about 25% of institutional investors think its valuation is reasonable, and only 4% believe it is overvalued.

During the survey period, Bitcoin's price fluctuated mainly within the $85,000 to $95,000 range. Coinbase pointed out that after Bitcoin reached an all-time high of about $126,000 in October 2025, its price has fallen by more than 30%, showing overall performance significantly weaker than precious metals like gold and silver, as well as the U.S. stock market. Due to geopolitical tensions, tariff uncertainties, and other factors, the sentiment in the crypto market remains cautious. In terms of investment behavior expectations, 80% of institutional investors indicated that if the market drops another 10%, they would choose to hold or buy on dips; over 60% of the surveyed institutions stated that 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 range. Coinbase also expects 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.