Coinbase released its "Charting Crypto Q1 2026" report. The survey, conducted from early December to early January, found that 71% of institutional investors believe Bitcoin is currently undervalued. Over 60% of respondents have held or increased their crypto positions since October's highs. This suggests a bullish long-term outlook from significant market participants, a favorable indicator for Coinbase, which caters to this client segment.
The report arrives as the broader crypto market shows signs of weakness. Bitcoin and Ether experienced sharp drops over the weekend. Geopolitical jitters prompted a move away from risk assets. The Coinbase report acknowledges escalating global tensions could negatively impact investor sentiment, creating a mixed near-term outlook despite the underlying institutional bullishness.