Wall Street Thinks Robinhood’s Crypto Push Could Send the Stock 85% Higher
Bernstein kept its $160 target on Robinhood, betting tokenization and prediction markets outweigh a crypto trading slowdown.
Wall Street analysts at Bernstein just told investors something crypto holders should pay attention to: Robinhood isn’t just a trading app anymore, it’s turning into crypto infrastructure. The firm kept its Outperform rating and $160 price target on Robinhood stock, which implies roughly 85% upside from where shares closed after a Thursday dip.
Robinhood shares closed at $89.84 on Wednesday before sliding 3.6% to $86.60 on Thursday, according to CoinGape. That drop actually widened the gap to Bernstein’s target, pushing the implied upside higher even as the stock itself moved in the wrong direction.
Why Bernstein isn’t worried about a crypto slowdown
Here’s the part that matters for everyday crypto users: Bernstein made this call even while broader crypto trading volumes have weakened industry-wide. Instead of leaning on trading fees, the analysts pointed to a different story — Robinhood building out the plumbing behind tokenized assets and prediction markets.
Specifically, Bernstein flagged Robinhood Chain, tokenized stocks, the Bitstamp exchange it owns, and Robinhood Earn as the growth engines to watch. In plain terms, that means Robinhood is trying to become a place where you can trade tokenized versions of real-world assets, not just buy and sell coins.
The numbers behind the bet
Robinhood Chain has already crossed 150 million transactions and generated more than $12 billion in decentralized exchange volume, per the CoinGape report. That’s a meaningful sign of actual usage, not just a marketing announcement — it suggests people are genuinely moving assets through the network.
On the prediction markets side, CoinGape reported that a Robinhood unit referred to as Rothera processed 3.5 billion contracts, with event-contract revenue reaching $156 million in the second quarter. Prediction markets let users bet on real-world outcomes — everything from elections to economic data — and they’ve become one of the fastest-growing corners of crypto-adjacent finance this year.
What this actually means if you hold crypto
If you own Robinhood shares or crypto assets tied to its ecosystem, this is a reminder that big brokerages increasingly see tokenization and on-chain infrastructure as the next growth phase — not just coin speculation. Bernstein’s bet is essentially that Robinhood can keep making money even when people trade crypto less often, because it’s diversifying into owning the rails themselves.
That said, an 85% “implied upside” from an analyst target is not a guarantee — price targets get revised, and a single quarter’s decline in trading volumes can just as easily turn into a longer slump. For newcomers, the takeaway is less about chasing Robinhood’s stock and more about understanding where the industry’s plumbing is heading: tokenized real-world assets and prediction markets are increasingly seen by traditional finance as durable business lines, not passing trends.
As always, an analyst rating reflects one firm’s view, not a certainty. Anyone considering exposure to Robinhood or the tokenization theme it represents should treat this as one data point among many, especially given how quickly crypto-linked trading volumes can swing.
