Coinbase survey: 67% of institutions bullish on Bitcoin into 2026

Coinbase survey: 67% of institutions bullish on Bitcoin into 2026
Bitcoin seen as strategic asset by two-thirds of institutional investors

​A new Coinbase Institutional survey shows that 67% of institutional investors maintain a positive outlook on Bitcoin heading into 2026, despite recent market turbulence. 

The findings, published in Coinbase’s latest report “Navigating Uncertainty”, highlight that most professional investors continue to view Bitcoin as a strategic long-term asset.

“Most respondents are bullish on Bitcoin,” wrote David Duong, head of research at Coinbase Institutional. The survey, which gathered responses from 124 institutional investors, also revealed a sharp split in market sentiment: 45% of institutions believe the market is in the late stages of the bull run, while only 27% of non-institutional participants share that view.

Coinbase analysts said the divergence underscores a cautious optimism — investors still expect gains, but are more measured following October’s market sell-off.

Crypto treasuries are buying the dip

While markets remain volatile, large crypto treasuries are taking advantage of the pullback to accumulate digital assets. Duong noted that digital asset treasury companies have become major market drivers this year, influencing both supply and demand dynamics.

BitMine, chaired by Tom Lee, purchased 379,000 Ethereum (ETH) worth roughly $1.5 billion since the recent downturn that sent ETH prices below $4,000. Meanwhile, Michael Saylor hinted that Strategy could expand its Bitcoin holdings, sharing data showing $69 billion in BTC reserves.

Duong added that institutional conviction remains strong, with firms treating price corrections as buying opportunities rather than signs of weakness. “DAT crypto reserves remain intact,” the report noted, emphasizing long-term accumulation rather than short-term speculation.

Macro conditions create a favorable setup for Bitcoin

Despite October’s turbulence, Coinbase maintains that the crypto bull market still has room to run. Duong cited several supportive factors, including resilient liquidity conditions, two anticipated Federal Reserve rate cuts, and strong fiscal stimulus in China, all of which could boost global risk appetite and drive more capital into digital assets.

“Additional rate cuts from the Fed, as well as greater fiscal and monetary stimulus in China, could incentivize more investors to come off the sidelines,” the report stated.

Coinbase believes Bitcoin currently enjoys the most favorable positioning within crypto markets, while advising a more conservative stance on altcoins amid lower liquidity and higher volatility.

As of publication, Bitcoin (BTC) was trading above $109,000, regaining a key support-turned-resistance level, while Ether (ETH) briefly climbed above $4,000. Although sentiment remains cautious, institutional buying patterns suggest renewed confidence in Bitcoin’s long-term trajectory as the market enters the final quarter of 2025.

Recently we wrote that ​Bitcoin (BTC) surged 3.8% in the past 24 hours to trade at $110,926, recovering from last week’s lows as institutional sentiment turned increasingly positive

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