Coinbase report: Macroeconomic environment may have turned positive, crypto assets are expected to bottom out soon.

CoinFeed reported on April 29th that, according to the "Charting Crypto" report for Q2 2026 jointly released by Coinbase Institutional and Glassnode, the current financial market is primarily driven by macroeconomic events and developments in the Middle East conflict, making short-term direction difficult to predict. The report holds a cautiously optimistic view of the market outlook, believing that the macroeconomic environment may have shifted positively, helping crypto assets to bottom out in the near term and recover later this quarter. Data shows that Bitcoin market sentiment has rebounded from the "fear" phase of Q1 to the "optimism" phase, with approximately three-quarters of institutional respondents (75%) and non-institutional respondents (71%) believing that Bitcoin is undervalued.