Coinbase: 67% Bullish on Bitcoin, Q4 Crypto Outlook
A recent Coinbase Institutional survey of 124 investors finds 67% remain bullish on Bitcoin over the next 3–6 months. While 45% of institutions see the current bull cycle continuing, only 27% of retail investors agree. Major crypto treasury firms, including BitMine and Michael Saylor’s MicroStrategy, have been accumulating BTC and ETH during market dips, underpinning price support. Bitcoin has reclaimed key levels above $108,000 and briefly hit $111,000, while Ethereum hovers around $4,000 after an 11% monthly drop. Looking ahead to Q4, two potential Federal Reserve rate cuts and large money-market funds on the sidelines are cited as key liquidity drivers. Regulatory progress—such as the OCC charter and proposed market-structure bills—could further integrate crypto into traditional finance. Coinbase remains positive on Bitcoin’s outlook but adopts a cautious stance on altcoins. Traders should monitor Fed policy, liquidity flows, and institutional behavior for signals of sustained market momentum.
Bullish
Strong institutional demand, treasury accumulation of BTC and ETH, potential Fed rate cuts and sidelined money-market funds point to increased liquidity and upward price pressure. Regulatory advancements further legitimize crypto in traditional finance. In the short term, Bitcoin’s recovery above key support levels and bullish survey sentiment could fuel momentum. Over the long term, sustained inflows from treasuries and favorable monetary policy are likely to underpin continued gains, though altcoins may lag as investors remain cautious.