Having led 3-0 from the first leg of their semi final against Liverpool, Valverdes men crumbled to a 4-0 second leg defeat; just one season after relinquishing a 4-1 lead in last seasons quarter finals against Roma.
As a result, Valverde faced huge criticisms and calls for his head, despite leading the club to the La Liga title and into a domestic final later this month. Nevertheless, Bartomeu has backed the 55-year-old to continue in charge of La Blaugrana, claiming he is the right man in charge and is yet to finish the project at hand in Catalonia.
"Valverde said the other day that he has the support of the president and the board," he told Marca.
"Hes the coach we want. Were halfway through a large project. He has a contract and were very happy with him. Now its about how the players recover from the enormous setback."
Support for Valverde comes ahead of the Copa del Rey showpiece against Valencia, with some rumours suggesting the Spaniards job depended on the outcome of the match. That has been dispelled by Bartomeu, who stated that the main objective was always La Liga success.
"[The final] isnt the deciding factor [on whether Valverde stays]," Bartomeu added. "The main objective is the league and then we want the Copa or the Champions League. Its been a magnificent season, weve won [the league] with games to spare. We all want more. Now weve got the Copa final and were coming off the back of a damaging defeat."