Survey (Dec 10, 2025–Jan 12, 2026): 70% of Institutions Say Bitcoin Is Undervalued

A Coinbase Institutional and Glassnode quarterly survey of 148 investors conducted from December 10, 2025 to January 12, 2026 reports that 70% of institutions see Bitcoin as undervalued after it fell from above $125,000 to around $90,000 by year-end. Despite October’s deleveraging, 62% of institutions maintained or increased exposure, while bearish cycle views rose.