Two-Thirds of Institutional Investors Remain Bullish on Bitcoin Going Into 2026: Coinbase

A new survey by Coinbase Institutional reveals that the majority of professional investors remain optimistic about Bitcoin’s prospects heading into 2026, despite recent market turbulence. The report, titled Navigating Uncertainty, found that around 67% of institutional investors expect Bitcoin to perform well over the next three to six months.

According to David Duong, head of research at Coinbase Institutional, most of these investors believe that Bitcoin still has significant room to grow. However, the survey also revealed a divide in perceptions of the current market stage.

Nearly half of institutional respondents see the market as entering the late stages of a bull cycle, while a smaller share of retail participants believe the same. 

Crypto Treasuries Lead the Buying Activity: Coinbase

Institutional buyers and crypto treasuries have played a major role in stabilizing markets this year, particularly after the recent corrections. Duong’s report emphasized that treasury-backed buying has had an outsized impact on liquidity and demand.

Among the most active players is BitMine, chaired by Tom Lee, which reportedly purchased over 379,000 Ether, worth nearly $1.5 billion, following the price drop that pushed ETH below $4,000. 

Similarly, Michael Saylor’s Bitcoin-focused company Strategy has hinted at further accumulation after revealing $69 billion in BTC holdings. Despite short-term pullbacks in its equity, the firm’s crypto reserves have remained intact, underscoring its long-term belief in Bitcoin’s value proposition.

Coinbase analysts believe that the overall bull market still has momentum, supported by resilient liquidity and a relatively strong macroeconomic backdrop. However, they noted that the mood among institutional investors has become slightly more cautious following the market volatility seen earlier in October.

Macro Tailwinds Favor Bitcoin Over Altcoins

Coinbase’s report points to several macroeconomic factors that could continue to support Bitcoin’s growth. These include two anticipated Federal Reserve rate cuts, as well as broader fiscal and monetary stimulus efforts in China, which could push more sidelined capital back into the markets.

While the outlook for Bitcoin remains broadly positive, Coinbase urged investors to be selective with altcoins, suggesting a more defensive strategy outside of BTC and ETH.

Over the weekend, crypto markets showed some steadiness, with Bitcoin reclaiming $109,000 and Ether briefly surpassing $4,000. However, recovery attempts have been limited, with market sentiment remaining cautious as investors await further macro and regulatory signals to confirm the next phase of the bull run.