Round 70% of institutional buyers imagine bitcoin is undervalued when it trades between $85,000 and $95,000, in keeping with Coinbase’s Charting Crypto Q1 2026 report.
The report mentioned a survey of 75 institutional buyers and 73 impartial buyers, carried out from early December to early January, discovered 71% of establishments and 60% of impartial buyers “really feel that [Bitcoin] is undervalued.”
Worth vary and drawdown
Coinbase mentioned a couple of quarter of establishments seen bitcoin as pretty valued in the course of the survey interval, when value largely stayed inside the $85,000 to $95,000 band.
Simply 4% mentioned bitcoin was overvalued.
Bitcoin was buying and selling round $87,600 on the time of the report, down greater than 30% from its October all-time excessive of $126,080.
That decline adopted an Oct. 10 market crash that worn out greater than $19 billion in leveraged positions.
How establishments say they’d reply
Coinbase mentioned 80% of institutional buyers would both maintain their positions or purchase extra if the bitcoin market fell one other 10%.
Greater than 60% mentioned they’ve held or elevated publicity since October, when bitcoin set its present peak.
The report additionally mentioned 54% of establishments view the present cycle as being in an accumulation section or a bear market.
Macro backdrop and sentiment
Coinbase warned geopolitical escalation, particularly disruptions to vitality markets, might weigh on sentiment.
The report famous gold hit a report above $5,000 and silver has doubled since October, whereas the S&P 500 rose about 3%.
Coinbase additionally mentioned it expects the Federal Reserve to ship two charge cuts in 2026.
It added that shopper inflation was 2.7% in December and actual GDP progress was over 5% within the fourth quarter.