Any ucl teams were always putting their respect to the each other and it will not happen. There will be no club that underestimate their opponent. People were only arguing based on their opinions but i think that if pep was always seeing his opponent as something that must be beaten by use all of its strength.
This is also making the situation even better since the club will able to get more motivation to beat its opponent. I think that if the argument about city underestimate its opponent was coming from the personality and it's not from the club itself.
Moreover we are already in the quarter-finals, of course all the teams that have managed to qualify for the quarter-finals have excellent quality this season, so of course there is no team that should be underestimated.
In terms of strength, the Manchester City team is indeed strong, but Real Madrid is the team that is nicknamed the king of the Champions League because they are the team that has managed to win the most UCL titles. Of course, there is greater respect shown for this team by all teams.
I think no one can easily qualify for the semifinals, all the teams currently have almost the same quality and regarding predictions and favorites of course everyone has different views, and that's normal.