Is the Trump transcript bad? Compared to a normal day at the office? Yes. A conversation causally referencing controversies seen on r/The_Donald looks bad in an official state call.
Partisans and pundits alike all read the words in their own inflection. Either as an innocent conversation amongst non-traditional leaders who are seeking to reform corruption in their countries. Or a mob shake down with accompanying Godfather-esqe mandolin and viola.
Is it impeachment bad? Depends on how fast they move (October?) and if the public is similarly moved by it. It is removal bad? That will depend on the testimony of the whistleblower and anything else that comes of that.