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

In its "Charting Crypto Q1 2026 Report," Coinbase stated that approximately 70% of institutional investors believe Bitcoin is undervalued in the $85,000 to $95,000 range. The report shows that Coinbase surveyed 75 institutional investors and 73 independent investors between early December 2025 and early January 2026. Of these, 71% of institutional investors and 60% of independent investors believed Bitcoin was currently undervalued; approximately 25% of institutional investors believed it was reasonably valued, while only 4% believed it was overvalued. During the survey period, Bitcoin's price generally fluctuated within the $85,000 to $95,000 range. Coinbase pointed out that since reaching its all-time high of approximately $126,000 in October 2025, Bitcoin's price has fallen by more than 30%, significantly underperforming precious metals such as gold and silver, as well as the US stock market. The crypto market remains cautious due to geopolitical tensions and tariff uncertainties. Regarding investment expectations, 80% of institutional investors indicated they would continue holding or buy on dips if the market fell another 10%; over 60% of surveyed institutions reported maintaining or increasing their crypto asset allocations since October. Furthermore, 54% of institutions believe the market is still in an "accumulation phase" or bear market territory. Coinbase also anticipates that the Federal Reserve may implement two interest rate cuts totaling 50 basis points in 2026, potentially providing some macroeconomic support for risk assets, including crypto assets.