Coinbase Survey: 71% of institutional investors believe Bitcoin is undervalued, and 80% are willing to buy on dips
Coinbase, in its "Q1 2026 Cryptocurrency Chart" report, noted that a survey of 75 institutional investors and 73 individual investors showed that 71% of institutions and 60% of individual investors believe Bitcoin is undervalued in the range of $85,000 to $95,000. 25% of institutions consider the valuation reasonable, while only 4% believe it is overvalued.The current price of Bitcoin is $87,600, down over 30% from the October all-time high of $126,080. Since the market crash on October 10, which liquidated over $19 billion in leveraged positions, cryptocurrency prices have mostly been stagnant or declining. Meanwhile, gold has surpassed $5,000, reaching a new all-time high, silver's market value has doubled since October, and the S&P 500 index has risen by 3%.The survey indicates that 80% of institutional investors stated they would hold or increase their positions if the crypto market drops another 10%. Over 60% of institutions have held or increased their positions since October. 54% believe the current market is in an accumulation phase or bear market. Coinbase expects the Federal Reserve to cut interest rates twice in 2026, which could be beneficial for the crypto market.