Ahmet Bedirhan Arvas 
Coinbase analysts have made predictions for Bitcoin, which is currently hovering around $103,000 to $104,000, for the next 3–4 months. Analysts from the American cryptocurrency exchange Coinbase shared their expectations for Bitcoin following recent market movements.
Coinbase Institutional has released its new monthly market outlook report. The report includes an analysis of the major crash that occurred on October 10, 2025. The report highlights the massive leverage wipeout on that date, stating the following:
It is noted that following the major liquidation wave on October 10, a significant amount of leverage was cleared from the crypto market, suggesting that this may have formed a short-term bottom.
In fact, it would be fair to say that the market didn’t break down—it simply reset. Existing leverage levels have returned to healthier levels, particularly through the liquidation of long positions. As a result, an upward trend may emerge in the coming months.
You may also be interested in this article: Zcash Rises to 13th Place in MarketCap Rankings!
According to analysts’ forecasts, Bitcoin’s price could see a bottom around $90,000 in the next 3–6 months, followed by a potential path toward $160,000. The Coinbase report states that this setup appears asymmetrically skewed to the upside. It also points out that upcoming Fed rate cuts, liquidity expansion, and new regulatory frameworks could extend the current market cycle into 2026.
The report emphasizes that the October 10 crash did not trigger any structural issues within the market. Instead, it is described as a necessary cleansing event. Although altcoins experienced sharp declines and market makers pulled back, Coinbase analysts believe the core fundamentals remain intact, adding:
“The sell-off brought leverage levels back to where they were at the beginning of the year, creating a healthier system. Going forward, we expect a gradual upward climb rather than a sharp run to new all-time highs.”
The report also highlights that the liquidation in high-risk altcoins was the largest in recent months, and institutional investors were largely insulated from this wave due to their lower leverage and focus on high-cap assets.
What Does Nansen’s Perspective Say About the Coinbase Report?
According to Nansen data, the so-called “smart money” is currently shifting toward EVM-based networks such as Ethereum and Arbitrum, while losses are being observed on Solana and Binance Smart Chain following the meme coin frenzy. Coinbase does not view this as a buying opportunity; rather, it interprets these flows as indicators of where market activity is concentrating.
The report suggests that the next major bullish wave is likely to be led by institutions. According to Coinbase, institutional investors were largely unaffected by the previous liquidation phase due to their conservative leverage and focus on large-cap assets. With institutional appetite expected to return, the market could regain strength — though this recovery might take several months.
Current Bitcoin Data
For the latest cryptocurrency news click here