Coinbase executive says institutions prefer Bitcoin at $60K over peak prices as large investors continue to view recent market weakness as an opportunity rather than a warning sign.
Institutional buyers are increasingly accumulating Bitcoin during downturns instead of pursuing the asset at record highs.
Market participants believe the current price range offers better long-term value while confidence in Bitcoin’s broader investment case remains intact.
John D’Agostino, Head of Institutional Strategy at Coinbase, said many professional investors see Bitcoin’s decline toward the $60,000 level as an attractive entry point.
Speaking about recent market activity, he explained that institutional participants remain committed to the asset despite the correction.
According to D’Agostino, major investors have spent years studying Bitcoin and are comfortable increasing exposure during periods of weakness.
He stated that family offices, government funds, and sovereign wealth funds often view lower prices as favorable conditions for building positions rather than reasons to stay away from the market.
Institutional Demand Remains Firm Despite Market Weakness
D’Agostino pointed to the resilience of spot Bitcoin exchange-traded funds as evidence of sustained institutional interest.
He noted that spot ETFs continue to hold close to $100 billion in exposure even after Bitcoin lost significant value from its peak.
He also said retail participation has only declined modestly despite the sharp price correction. In his view, both institutional and retail investors increasingly regard Bitcoin as a long-term asset designed for holding rather than short-term speculation.
The Coinbase executive highlighted improvements across the industry, including stronger institutional infrastructure, evolving regulatory frameworks, and proposed legislation that could support broader adoption.
He also dismissed concerns about widespread forced selling, arguing that many large investors possess sufficient financial resources to maintain positions during periods of volatility.
That confidence has been reflected in recent corporate activity. Strategy, listed on Nasdaq under the ticker MSTR, recently expanded its Bitcoin holdings with a purchase of 1,550 BTC valued at approximately $101 million.
Bitcoin currently trades around $62,724. The cryptocurrency has declined roughly 22% over the past month and remains about 50% below its October peak.
Bernstein Maintains Bullish Long-Term Outlook
Analysts at Bernstein also addressed Bitcoin’s recent decline and attributed part of the weakness to slower ETF inflows. The firm noted that some retail investors have shifted attention toward opportunities linked to the growing artificial intelligence sector.
Despite softer inflows, Bernstein argued that current market conditions demonstrate the strength of Bitcoin’s institutional foundation.
The firm reported that net inflows from ETFs and corporate treasuries have fallen from $60 billion in 2025 to approximately $12 billion so far this year.
Market Structure Continues to Evolve
Bernstein maintained its year-end Bitcoin target of $150,000 and said reduced speculative activity should not undermine the asset’s long-term store-of-value narrative.
Analysts believe growing participation from pension funds, sovereign wealth funds, corporate treasuries, and other institutional investors is creating a more stable ownership base.
During a CNBC interview, D’Agostino agreed that broader market uncertainty, high interest rates, regulatory concerns, and shifting capital flows have weighed on Bitcoin.
However, he emphasized that volatility remains a normal characteristic of commodity-like assets and maintained that Bitcoin’s long-term outlook remains positive despite ongoing geopolitical challenges.
