Most crypto investors believe Bitcoin is undervalued: Coinbase survey

Written by Biraajmaan Tamuly, Staff Writer. Reviewed by Ray Salmond, Staff Editor. Written by Biraajmaan Tamuly, Staff Writer. Reviewed by Ray Salmond, Staff Editor. Most crypto investors believe Bitcoin is undervalued: Coinbase surveyMarketsPublishedApr 29, 2026Coinbase survey results and onchain data suggest that Bitcoin is undervalued and at the tail end of its bear market phase.More than 70% of crypto investors believe that Bitcoin (BTC) is undervalued, according to a recent Global Investor Survey conducted by Coinbase and Glassnode.The survey found that 82% of institutions and 70% of non-institutions classify the market as a late bear cycle markdown phase, while onchain indicators suggest BTC is entering a “value-accumulation zone.” Bitcoin is in a late bear phase as undervaluation persistsCoinbase Institutional Research surveyed 91 global investors between March 16 and April 7, including 29 institutions and 62 non-institutions. The responses show a sharp shift in perceptions for the current BTC market. Around 82% of institutions and 70% of non-institutions now classify the market as a late bear or a markdown phase, up from roughly one-third in December.Bitcoin investor survey data. Source: CoinbaseAt the same time, the valuation views held steady. About 75% of institutions and 61% of non-institutions consider Bitcoin undervalued. Only a small share flagged it as overpriced.The survey also noted a shift in expectations for Bitcoin dominance. The share of institutions expecting dominance to rise dropped to 25% from 40%. About 54% now expect it to remain near the current level of 58.1%, while 21% expect a decline. Related: Bitcoin, stocks risk 'months' of losses as Kevin Warsh Becomes Fed chairOnchain signals flag value zone for BitcoinOnchain data echo the valuation stance for Bitcoin. Crypto analyst Woominkyu’s Bitcoin Combined Market Index (BCMI) aggregates MVRV, NUPL, SOPR, and investor sentiment into a single reading. The index recently jumped to 0.37…

Most crypto investors believe Bitcoin is undervalued: Coinbase survey

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