Ah, mesdames et messieurs! Coinbase Institutional has unveiled its most recent forecast for the second quarter (Q2) of this curious crypto market, presenting the musings of our esteemed institutional investors regarding Bitcoin (BTC) as we wade into the murky waters of Q2.
What Fancies Does Coinbase Hold for Q2 2026?
In their esteemed report, Coinbase adopts a posture of neutrality for the coming quarter, much like a jester caught between two lords, uncertain which to serve. They point to a fog of uncertainty that makes it quite the challenge to place any bets-unless, of course, one enjoys gambling with fate!
The firm expresses that the persistent cloud of geopolitical antics is the main actor in this tragicomedy, rendering them reluctant to lean towards either jubilant highs or sorrowful lows. In such a situation, Coinbase anticipates a more balanced approach to risk and reward, rather than a reckless pursuit of glory.
Yet, dear audience, amidst this cacophony of confusion, there are still some quirky little factors-“idiosyncratic,” they call them-that may sway the outcomes of our beloved cryptocurrencies. Among these curious influences, Coinbase highlights regulatory shenanigans and the rise of our new overlord: artificial intelligence (AI). However, the prevailing sentiment suggests these themes currently play second fiddle to the grand symphony of macro and geopolitical risks.
As we peer into the immediate future, Coinbase expresses a cautious optimism that perhaps the macro picture may be donning a brighter hue as this quarter unfolds. They muse that this shift might allow many crypto assets to find a bottom-wherever that may be-and then ascend back to heights of grandeur later in Q2.
Furthermore, Coinbase points to technical indicators that have taken a turn for the better-not solely across the whimsical realms of crypto but also within the staid walls of equity markets. Nonetheless, one must not forget that this improvement is but a delicate flower, dependent upon whether a deal is struck with Iran. Oh, the suspense!
82% Of Institutions See Late-Bear Markets – A Comedy of Errors!
As part of this elaborate theatrical performance, between March 16 and April 7, 2026, Coinbase conducted a survey of 91 global investors-29 institutions and 62 non-institutions-to glean their insights on the market’s trajectory.
One of the most striking revelations from the survey is that sentiments have soured across both institutional and non-institutional circles. Coinbase reports that roughly 82% of institutions and 70% of non-institutions now perceive the market as trapped in either a bear market or a late bear market phase. Such drama!
Even amidst the gloom and doom, the survey indicates that investors continue to view Bitcoin as a delightful bargain. Coinbase notes that three-quarters of institutions (75%) and about three-fifths of non-institutions (61%) believe BTC is undervalued. Ah, the irony of seeing value in despair!
The survey further delves into the expectations for Bitcoin’s market share, or “dominance.” Coinbase reports that anticipations have shifted toward what they quaintly call a steady state. Specifically, the proportion of institutions expecting an increase in BTC dominance has plummeted from 40% to a mere 25%.
Simultaneously, a plurality of institutions-54%-now expect dominance to linger around current levels, an increase from 44%. Within this ensemble, 21% of institutions foresee a decline in dominance. What a tangled web we weave!
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2026-04-29 00:41