Around two-thirds of institutional investors have a positive outlook for Bitcoin going into 2026, according to Coinbase.
“Most respondents are bullish on bitcoin,” David Duong, head of research at Coinbase Institutional, wrote in a research report Titled “Navigating Uncertainty.”
Coinbase conducted an institutional investor survey of 124 respondents, finding that 67% of institutional investors have a positive outlook for Bitcoin (BTC) in the next three to six months.
It added that there was a “significant difference” of opinion about where we are in the market cycle, with 45% of institutions believing markets are in the final stages of a bull run, compared to just 27% of non-institutions.
Crypto Treasuries are buying a dip
“Looking at the supply/demand picture, it’s hard to overstate the impact of digital asset companies on the market this year,” Duong wrote.
Tom Lee-chaired Bitmine is among the companies Buying Dipscooping up more than 379,000 ethers (Eth) worth nearly $1.5 billion since the market crash that pushed ether prices back below $4,000.
Meanwhile, Michael Saylor hinted at Sunday That strategy could buy more Bitcoin after sharing a chart showing $69 billion in BTC holdings. Even with equity pullbacks, dat’s crypto reserves remain intact, signaling long-term belief.
The Bull Market has room to run
Coinbase’s Duong said the Crypto Bull Market “has room to run,” but was more cautious after events of October 10.
“We still see resilient liquidity conditions, a strong macro backdrop, and supportive regulatory dynamics.”
Related: Crypto crash unlikely to be derailed ‘uptober,’ analysts say
Coinbase also highlighted macro and liquidity tailwinds, with two more expected rate cuts by the federal reserve and large money-market funds sitting on the sidelines, which could drive markets in Q4.
“Further rate cuts from the Fed, as well as greater fiscal and monetary stimulus in China, could incentivize more investors to exit the fringes.”
Desirable setup for bitcoin
The current setup looks particularly favorable for Bitcoin, the firm said, but it has a more cautious approach for positioning in altcoins.
Crypto markets remained stable over the weekend, with a top of $109,000 afterward reclaiming The support level resists $108,000 and ether climbs above $4,000 for a while, but there are no major recovery attempts yet as sentiment remains cautious.
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