Martin (49) comes to the end of his three-year contract as Otago coach at the end of this season.
With three rounds to go in the Air New Zealand Cup, the side sits ninth, just out of the quarterfinals, and has taken two points from its past three games against Hawkes Bay, Bay of Plenty and Tasman.
Martin admitted the side has struggled at times, but said there were no easy-beats in the competition.
"Look at Canterbury nearly getting beaten by Northland. Auckland are struggling. Waikato are finding it tough," Martin said.
He was not feeling any extra pressure from the job this year, despite the disappointing results so far.
"Pressure comes with the job. I'm aware of the huge responsibility not only for the team but also on behalf of the province.
"We take that responsibility seriously. It is a pressure job. But at the end of the day you try to do the best possible job you can do."
Martin, who is the Highlanders assistant coach next season, confirmed he would be seeking the Otago job next year.
He had targeted a semifinal place at the start of the season.
Martin said the side was not playing to its full potential.
"But we have a group of young players who have six, seven, eight games under their belt, and have players coming off Super 14 who did not get a lot of game time."
He pointed to winger Lucky Mulipola and No 8 Steven Setephano who had their Super 14 season affected by injury.
He also pointed to the loss of players such as Chris King, Matt Saunders and Charlie Hore as affecting the team, and meant he had a smaller base of players with which to work.
Otago reduced its contracted players from 35 last year to 26.
The side was creating chances and individual errors were letting the side down.
The new experimental law variations (Elvs) have taken a while to get used to and the withdrawal of openside flanker Alando Soakai because of a shoulder injury for the season had been a "huge loss".
"We have not had a specialist openside flanker and under the new Elvs speed to the breakdown is absolutely essential."
He said in losses to Hawkes Bay and Bay of Plenty the opposition loose trio stood out.
Captain Craig Newby was a lone wolf in the breakdown in those games but new boy Eben Joubert who wore the No 7 shirt against Tasman had a good game, Martin said.
Otago was a losing finalist in 2005 after beating Canterbury in Christchurch in the semifinal, but could not build on that result.
"People have to realise how many of those players we have lost since 2005, in 2 seasons. Players like [Neil] Brew, [Seilala]) Mapusua, [Carl] Hayman, [Anton] Oliver. For a union like us, how do we replace those guys overnight?"
Just three players - Glen Horton, Newby and Tom Donnelly - remain from the team which started the 2005 final.
Martin said team spirit was still excellent and players were looking forward to this week's home game, against Taranaki on Friday night.
Taranaki was immediately below Otago on the competition ladder, while Waikato, which Otago plays next, is one place above Otago.
"The next two weeks we are playing teams around us and if we get enough points we can make it into the quarterfinals. From there it is one-off games where anything can happen."
Otago Rugby Football Union chief executive Richard Reid said he had given no thought on the coaching matter but there would be the normal end of season review.
He declined to comment on the team's on-field performance.
