75% of institutions see Bitcoin as undervalued, potential buying interest grows

Coinbase Institutional and Glassnode report that 75% of surveyed institutions consider Bitcoin undervalued at current prices. Bitcoin reaching $80,000 in April sits at 22% YES, down from 42% a week ago.

The survey, part of the Q1 2026 Charting Crypto report, signals potential institutional buying interest. Bitcoin recently traded near $87,600, down over 30% from its October 2025 all-time high. While 82% of institutions acknowledged bear market conditions, the undervaluation belief could support current price levels. Bitcoin reaching $150,000 in April remains at a negligible 0.1% YES, keeping attention on more attainable targets like $80,000.

Trading volume in the $80,000 market is $833,265/day in face value and $125,323/day in actual USDC traded. The order book is relatively thin: $8,440 can move the price 5 points. The largest single movement was a 37-point drop at 12:23 PM, a sharp sell-off from 56% to 18% odds.

Institutional sentiment often precedes market moves, and widespread belief in undervaluation points to potential support at current prices. A YES share at 22¢ offers a 4.5x return if Bitcoin reaches $80,000. Traders betting on a reversal would need concrete bullish catalysts, such as ETF inflows or regulatory clarity, to push odds higher.

Watch for ETF inflow reports and geopolitical developments, particularly in the Middle East, that could affect market stability. BlackRock and Fidelity’s next moves on their ETF interests will matter most.

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