Round 70% institutional traders consider Bitcoin is undervalued when priced between $85,000 to $95,000, because it continues to underperform in opposition to valuable metals and the inventory market, Coinbase has discovered.
Coinbase mentioned in its Charting Crypto Q1 2026 report that its survey of 75 institutional traders and 73 impartial traders was taken between early December to early January, discovered 71% of establishments and 60% of impartial traders “really feel that [Bitcoin] is undervalued.”
1 / 4 of institutional traders mentioned Bitcoin (BTC) was pretty valued, with its value nearly solely staying inside the $85,000 to $95,000 vary throughout the survey interval, whereas the remaining 4% mentioned Bitcoin was overvalued.

Bitcoin is presently priced at $87,600, down over 30% from its $126,080 all-time excessive in October, CoinGecko knowledge exhibits. Crypto costs have principally trended sideways and downward since a serious market crash on Oct. 10 worn out greater than $19 billion price of leveraged positions.
Crypto market sentiment hasn’t improved since, with costs struggling to regain momentum amid renewed tariff threats from the Trump administration and intensifying tensions between the US and the Center East.
Coinbase mentioned this development might proceed, saying that “geopolitical tensions have flared up in a number of elements of the world, and any escalation of unrest, significantly one which disrupts power markets, might negatively influence investor sentiment.”
In the meantime, gold and silver have soared, with gold hitting a file excessive above $5,000 on Monday and silver doubling in market worth since October, whereas the Normal & Poor’s 500 inventory market index has risen a modest 3%.
Establishments to carry, purchase dips if value falls additional
Of the institutional traders surveyed, 80% mentioned they might both maintain their crypto positions or purchase extra in response to a different 10% crypto market fall, signaling long-term conviction within the asset class.

Greater than 60% mentioned they’ve both held or elevated their crypto positions since October, when Bitcoin set its present excessive.
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The institutional traders additionally see extra alternative forward, with 54% viewing the present crypto market cycle as both in an accumulation part or a bear market.
Potential financial tailwinds forward for crypto
Though financial coverage stays unsure, Coinbase expects the Federal Reserve to ship two fee cuts in 2026, doubtlessly offering a tailwind for risk-on belongings like crypto.
Extra broadly, Coinbase mentioned the “economic system seems to be to be on strong footing,” doubtlessly taking part in into the crypto market’s favor, with shopper inflation holding regular at 2.7% in December and the true gross home product rising at over 5% within the fourth quarter.
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