A new Coinbase Institutional–Glassnode survey shows about two-thirds of institutional investors are bullish on Bitcoin over the next three to six months — a finding that several news outlets and social posts have linked to a $130,000 price call. The original Coinbase/Glassnode “Charting Crypto Q4 2025: Navigating Uncertainty” report and the joint investor survey confirm the strong short-term optimism, but the report itself frames the result as a positive outlook rather than an explicit $130K price forecast.
Lede: optimism runs high, nuance matters
Coinbase Institutional’s Q4 market note and the companion Glassnode chartbook say that, in a global investor survey conducted between Sept. 17 and Oct. 3, 2025, 67% of institutional investors surveyed expressed a positive outlook for Bitcoin over the coming three to six months — and 62% of non-institutional respondents said the same. The joint report says the survey sample was just over 120 respondents (124 cited in some summaries).
Several industry outlets and social posts have summarized those survey results with headlines such as “67% of institutions expect Bitcoin to reach $130K in the next 3–6 months,” but that specific $130,000 figure is a market interpretation repeated by secondary sources — it does not appear as a direct line in Coinbase’s published Charting Crypto Q4 report. Readers should note the distinction between expressed bullishness and an explicit numeric price target.
What the Coinbase/Glassnode report actually says
Coinbase and Glassnode’s Q4 report (published Oct. 16, 2025) takes a cautiously optimistic stance on crypto markets, citing supportive macro conditions, improved liquidity, and evolving regulatory clarity as reasons Bitcoin may outperform. The report states the survey was intended to gauge sentiment, positioning and risk tolerance among institutional and independent investors; it reports the headline bullish percentages but does not issue a firm price projection such as $130,000 as the authors’ forecast.
Why media and traders latched onto $130K
Market commentators and some crypto news outlets have interpreted the high bullish percentage in light of Bitcoin’s recent price (trading near the low six-figures at the time) and broader market catalysts — for example, expectations of Federal Reserve rate cuts, continued spot-ETF flows, and purchases by digital asset treasuries (DATs). Those combined tailwinds make a move from current levels toward $130K plausible in the eyes of many traders, which explains why the $130K number has circulated widely alongside Coinbase’s sentiment data. But that is market inference, not a verbatim Coinbase metric.
Market reaction (short term)
Following publication of the report and related coverage, crypto price action showed renewed buying interest in Bitcoin across exchanges and ETFs, according to contemporaneous market reports. Several outlets noted a pickup in BTC buy orders on Coinbase and elsewhere, and social feeds amplified the bullish survey stat within hours. As always, traders on shorter timeframes reacted to both on-chain metrics discussed in the report and to momentum generated by media amplification.
Expert cautions and context
Analysts stress that sentiment surveys show expectations, not guarantees. Coinbase’s report itself includes standard disclaimers that survey results reflect respondents’ views at the time of the survey and are meant to inform — not to predict — price outcomes. Other industry analysts point to risks that could derail a rally, including macro shocks, liquidity squeezes, or changes in regulatory timelines. Reuters and other legacy outlets have previously noted that institutional ownership of crypto ETFs and assets remains evolving, with retail still a large component of flows.
Methodology notes — what the survey sampled
- Survey window: Sept. 17–Oct. 3, 2025 (Glassnode/Charting Crypto Q4 promotional text).
- Respondents: “more than 120” global investors (Glassnode and Coinbase pages reference a 120+ sample and some summaries note 124 respondents).
- Scope: Institutional and non-institutional investors; the 67% figure refers specifically to institutional respondents’ short-term (3–6 month) outlook.
Bottom line
The Coinbase Institutional / Glassnode Q4 report documents bullish short-term sentiment among a surveyed cohort of investors: 67% of institutional respondents expressed a positive outlook for Bitcoin over the next three to six months. That sentiment has been widely summarized across crypto media and social feeds — sometimes paired with an explicit $130,000 price call — but readers should be careful to distinguish the survey’s measured bullishness from specific numeric price forecasts that have been added by commentators. The survey is a useful barometer of market mood; it is not, on its face, an equation that guarantees a $130K outcome.
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