BlockBeats News, June 15th, the majority of institutional investors believe that Bitcoin still has further downside potential, with the overall market sentiment being cautious. Macro economic uncertainty, liquidity tightening, ETF outflows, and capital shifting towards AI and other areas may continue to put pressure on BTC price.

David Grider, Partner at Finality Capital, stated that the institution expects the current market bottom to potentially occur in the late third quarter or early fourth quarter of 2026. He believes Bitcoin may bottom out in the range of $45,000 to $55,000. Even investors who think the market is nearing a bottom generally do not anticipate a strong rebound in the short term.

Research shows that many funds are currently increasing their cash positions, reducing directional risk exposure, and adopting more market-neutral, hedging, and derivative strategies to deal with volatility. At the same time, institutional funds continue to focus on fundamentally strong areas such as DeFi, AI, and tokenized assets rather than solely allocating to Bitcoin.

Institutions generally believe that a high interest rate environment, liquidity contraction, geopolitical risks, and capital flowing into growth areas like AI are the main downward risks facing the current market. In addition, some funds have identified the leverage financing model of Strategy and the development of quantum computing as emerging risk factors in this market cycle.

Regarding the year-end trend, surveyed funds did not provide a Bitcoin target price above $100,000. Some institutions expect BTC to fluctuate between $40,000 and $80,000 during the year, believing that improved rate cut expectations, warming liquidity, and progress on the U.S. "CLARITY Act" could be key catalysts for market recovery.