Institutions see Bitcoin as undervalued at $85–95k

Roughly 70% of institutional investors consider bitcoin undervalued at $85,000–95,000, according to a Coinbase survey conducted for its Charting Crypto report for Q1 2026. Among retail respondents, 60% shared the same view.

A quarter of institutional participants called the current BTC price “fair,” while only 4% said the asset is overvalued. The survey was conducted from early December to early January, when bitcoin traded mostly within the $85,000–95,000 range.

At publication time, BTC is trading near $87,600 — more than 30% below the October peak of $126,080. The drop followed the October 10 market crash, which triggered more than $19 billion in margin liquidations. Since then, the market has largely moved sideways amid escalating tariff rhetoric from the Trump administration and rising tensions in the Middle East.

Coinbase warns that geopolitical risks remain a primary source of uncertainty. Any escalation—especially one affecting energy markets—could further weigh on investor sentiment.

While crypto markets show weakness, gold and silver have moved sharply higher: gold broke above $5,000 for the first time, and silver has doubled since October. The S&P 500 has gained only 3%, highlighting a rotation into defensive assets.

Even so, institutional confidence in bitcoin remains strong. Eighty percent of respondents said that if the crypto market falls another 10%, they would either hold or increase their BTC exposure. More than 60% reported that they have already held or added to crypto positions since October’s all-time high.

Half of surveyed institutions describe the current market as an accumulation phase or a bear cycle — a signal, Coinbase notes, that many expect a long consolidation period before any potential recovery.

Economic expectations are also moderately positive. Coinbase forecasts that the Federal Reserve could cut rates twice in 2026, which would support risk assets. The company notes that the U.S. economy remains resilient: inflation is around 2.7%, and real GDP in Q4 grew more than 5%.

Taken together, the survey results suggest that despite the correction and broader macro risks, institutional demand for bitcoin remains steady — and many large investors view current prices as an attractive entry point.