Let me begin by saying near normal temperatures with below normal rainfall is in the forecast for Portland and Salem through the first 15 days of February. The normal climate high for the period in the mid to north Willamette Valley is low 50s, meaning near normal is pretty comfortable. Also, normal to below normal rainfall will seem quite dry when compared to the 18.16" of total precipitation that fell in Portland from December 1st through the month of January. Total precipitation the last two months is 7.36" above normal or nearly 170% of normal, making for an extra 6 weeks of rainfall.
The NOAA outlook for the back half of February, February 17 through March 1st, puts the Pacific Northwest in the highest confidence zone to see above normal temperatures, along with drier than normal rainfall. The outlook coupled with current forecast projections leads to the conclusion that Portland has seen the last of bitterly cold winter weather this season.