Key Takeaways
67% of institutional investors are bullish on Bitcoin over the next three to six months, according to a recent institutional market report titled “Navigating Uncertainty.”
Firms cite liquidity resilience, supportive macro trends, and expected rate cuts as key tailwinds.
Institutional treasuries continue buying the dip, with BitMine and Strategy expanding holdings in BTC and ETH.
Institutions Turn Bullish Ahead of 2026
Institutional sentiment toward Bitcoin (BTC) remains overwhelmingly positive despite recent market turbulence, according to a new study of institutional investors.
“Most respondents are bullish on Bitcoin,” wrote David Duong. He noted that while market volatility has shaken short-term confidence, structural and macroeconomic conditions continue to favor digital assets.
The report also revealed a split in market cycle perception:
45% of institutions believe crypto markets are in the late stages of the bull run,
while 27% of non-institutional investors share that view, suggesting institutions are more cautious yet committed.
Crypto Treasuries Buying the Dip
The research highlights that digital asset treasury companies are playing a growing role in stabilizing market liquidity.
“Looking at the supply and demand picture, it’s hard to overstate the impact that digital asset treasury companies have had on markets this year,” Duong wrote.
Among them, BitMine, chaired by Tom Lee, has reportedly purchased 379,000 Ether (ETH) — worth nearly $1.5 billion — since the early-October market crash that pushed ETH prices below $4,000.
At the same time, Michael Saylor, executive chairman of Strategy, hinted at further Bitcoin accumulation after posting a chart showing $69 billion in BTC holdings. Despite short-term pullbacks in equity markets, DAT (Digital Asset Treasury) reserves remain strong, reflecting long-term conviction among corporate buyers.
Bull Market Still Has Room to Run
Duong said that while the crypto market has cooled slightly since October 10, structural factors remain “resilient and supportive.”
“We still see resilient liquidity conditions, a strong macro backdrop, and supportive regulatory dynamics,” Duong noted.
The analysis expects the Federal Reserve to deliver two more rate cuts before year-end, alongside potential monetary easing in China, both of which could inject new capital into digital assets.
“Additional rate cuts from the Fed, as well as greater fiscal and monetary stimulus in China, could incentivize more investors to come off the sidelines,” the report stated.
Favorable Setup for Bitcoin
The report concludes that the current environment favors Bitcoin over altcoins, given its liquidity depth and institutional adoption.
Over the weekend, BTC briefly topped $109,000 after reclaiming a key technical support near $108,000, while Ether (ETH) also recovered above $4,000.
Despite caution in sentiment, analysts note that institutional positioning, macro policy shifts, and corporate accumulation continue to set the stage for a bullish Q4 and early 2026.
