Yes, to reach quarters regularly, as this team possesses enough quality for that goal.
I'd understand his frustrations if after several years Juve wasn't able to go beyond, but when you fail at the very first obstacle, the money or the quality of the players available shouldn't be used as an excuse for your underachievement in Europe.
Anyway investing hundreds of million every summer is in no way a guarantee that you'll be more successful. Real Madrid despite of significant movements on the market failed to reach quarters for 8 years in a row iirc. Then you have lot of examples of many other clubs that with lesser budget managed to go very far in the competition. There are a lot of variables involved, but Conte is all about excuses. We were eliminated by an average Benfica side, the ref was to blame, Benfica players decided to dive all over the pitch, etc... It is never him that takes responsibility for some failures, but all the success is exclusively fruit of his labor.