Well for every reason possible the odds are against Bayern and the other remaining teams because of the strength and might of Real Madrid but I would have cancelled this if it was a few seasons back when Bayern were also at their prime. The thing about Bayern Munich now is that they have the players but it's the system of play that's currently not working out because they seem to lack preciseness when it comes to winning games and this is an area where Real Madrid are actually specialist.
I i think ruling out Bayern Munich already may actually be really detrimental because i have observed that in as much as Bayern Munich isn't looking very fit as they used to be in their bundseliga which happens to be their domestic league, i still see that they have a better performance in the champions league when compares because the champions league is actually expected to be more competitive and challenging yet they are doing good.
You made a point because it is not easy to survive in the champions league because you get to meet teams that are from different leagues and plays different patterns of football more like teams that you always meet in the domestic league so I agree that for Bayern Munich to reach this stage even when they are not too in form means they tried too and despite that everyone is giving the odds to Real Madrid, table may turn and the opposite occur so Bayern may do something wonderful on their match against Real Madrid.