Bernstein sees 78% upside for Robinhood as tokenization, prediction markets expand its crypto business

What happened

Bernstein kept its $160 price target for Robinhood and said the stock could rise about 78% because tokenization and prediction markets may expand its crypto business.

Confirmed

Global impact / market context

If Robinhood adds tokenized assets and prediction markets, it could attract more users, boost transaction fees, and diversify revenue, which would improve the company’s growth outlook.

Analyst inference

The broader crypto sector is seeing rising interest in new product types like tokenized securities and betting‑style markets, putting pressure on platforms to innovate and capture market share.

Analyst inference

What to watch

1. Progress on launching tokenized assets, which could increase trading volume and fee income for Robinhood. Proposed
2. Introduction of prediction market features, potentially drawing new users and creating additional revenue streams. Proposed
3. Regulatory developments affecting crypto offerings, as stricter rules could limit or shape Robinhood’s expansion plans. Proposed

Evidence

• theblock.co