Approximately two-thirds of institutional investors maintain a positive outlook for Bitcoin heading into 2026, as reported by Coinbase.
“The majority of respondents are optimistic about Bitcoin,” wrote David Duong, head of research at Coinbase Institutional, in a research report titled “Navigating Uncertainty.”
In an institutional investor survey conducted by Coinbase with 124 participants, 67% expressed a positive outlook for Bitcoin (BTC) over the next three to six months.
The report noted a “significant divergence” in views about the current market cycle, with 45% of institutions believing that markets are in the late stages of a bull run, in contrast to only 27% of non-institutions.
Crypto treasuries are capitalizing on the dip
“Assessing the supply/demand dynamics, it’s challenging to overemphasize the effect that digital asset treasury companies have had on the markets this year,” Duong commented.
BitMine, chaired by Tom Lee, has been one of the firms purchasing during the dip, acquiring over 379,000 Ether (ETH) valued at nearly $1.5 billion since the market crash that lowered Ether prices below $4,000.
Additionally, Michael Saylor hinted on Sunday that Strategy may increase its Bitcoin purchases, showcasing a chart that reveals $69 billion in BTC holdings. Despite equity downturns, DAT’s crypto reserves remain solid, highlighting a long-term commitment.
Bull market has potential for growth
Duong from Coinbase asserted that the crypto bull market “has potential for growth,” although he expressed more caution following the events of October 10.
“We still observe resilient liquidity conditions, a robust macro environment, and advantageous regulatory factors.”
Related: Crypto crash unlikely to disrupt ‘Uptober,’ analysts indicate
Coinbase also mentioned macro and liquidity advantages, including two anticipated Federal Reserve rate cuts and large money-market funds remaining on the sidelines, which could influence markets in Q4.
“Further rate cuts from the Fed, along with increased fiscal and monetary stimulus in China, could encourage more investors to enter the market.”
Favorable conditions for Bitcoin
The current landscape appears particularly beneficial for Bitcoin, according to the firm, although it maintains a cautious stance regarding altcoin investments.
The crypto markets held steady over the weekend, with Bitcoin surpassing $109,000 after reclaiming the support-turned-resistance level at $108,000 and Ether briefly exceeding $4,000, though significant recovery efforts are yet to be seen as sentiment remains cautious.
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