Coinbase survey: 71% of institutions called Bitcoin undervalued at $85k–$95k amid strong conviction to buy on dips
Coinbase’s Q1 2026 Charting Crypto survey (Dec–Jan) of 75 institutional and 73 independent investors found roughly 71% of institutional respondents viewed Bitcoin as undervalued when it traded in the $85,000–$95,000 range — the price band Bitcoin largely occupied during the survey and where it sits near $87,600 (about 30% below its October all-time high). About 25% of institutions saw Bitcoin as fairly valued and 4% as overvalued. Since October’s leveraged-driven correction, crypto prices have mostly trended sideways while gold and silver rallied. Institutional conviction remains high: over 60% have held or increased positions since October, and 80% said they would hold or add exposure if markets fell another 10%, suggesting institutions could provide downside absorption on deeper pullbacks. The report also flags macro tailwinds — steady US fundamentals and market expectations of two Fed rate cuts in 2026 — that could support risk assets including crypto. For traders, the survey highlights potential institutional buy-side support on dips, persistent long-biased positioning, and macro factors that may lift risk appetite; these are relevant when sizing risk, planning entries on pullbacks, and assessing demand at $85k–$95k.
Bullish
The survey signals a constructive backdrop for Bitcoin price action. A large majority of institutional respondents judged BTC undervalued in the $85k–$95k band and most report they have held or increased exposure since the October correction. Crucially, 80% saying they would hold or add on a further 10% drop indicates strong buy-the-dip conviction among institutions, which increases the likelihood of demand stepping in during deeper pullbacks and limits downside volatility. Combined with possible macro tailwinds (expected Fed cuts in 2026 and steady US fundamentals) that tend to boost risk assets, the net price impact on BTC is likely bullish. Short-term volatility may persist (sideways trading or pullbacks) as macro news and positioning evolve, but the institutional readiness to buy on dips and the concentration of perceived undervaluation at current levels suggest improved support and upside bias over weeks to months.