Bernstein Keeps $160 Robinhood Target, Flags Up to 85% Upside on Tokenization

Bernstein has reiterated an Outperform rating on Robinhood Markets and held its price target at $160, pointing to tokenization and prediction markets as the next leg of growth for the company’s crypto business. Depending on where Robinhood shares (HOOD) were trading at the time of the note, analysts and market trackers pegged the implied upside anywhere between roughly 78% and 85%.

The wide range in cited upside underscores how quickly HOOD has moved in recent sessions — a $160 target represents very different percentage gains depending on the entry price used for the calculation. What both figures agree on is the target itself: $160, unchanged from Bernstein’s prior call.

Why Bernstein is still bullish

Bernstein’s thesis centers on Robinhood’s shift away from relying purely on crypto trading fees toward building out infrastructure. Analysts specifically named Robinhood Chain and the company’s push into tokenized stocks as evidence that the crypto unit is maturing into a broader platform business rather than a transaction-fee engine tied to trading volumes.

Prediction markets were flagged as the second growth pillar. Robinhood has been expanding its event-contract offerings, a segment that has drawn heavy retail interest across the industry and that Bernstein views as a meaningful new revenue stream sitting alongside the company’s existing brokerage and crypto trading operations.

What it means for the trade

For investors tracking Robinhood as a crypto-adjacent equity, the reiterated $160 target signals that Wall Street sees durable revenue diversification beyond spot trading commissions, which tend to swing with Bitcoin and altcoin price action. A tokenization and infrastructure-driven revenue base would, in theory, make Robinhood’s earnings less dependent on crypto market cycles.

That said, a price target is not a guarantee, and the gap between the 78% and 85% upside figures reported across outlets is a reminder that percentage-based upside claims are highly sensitive to the stock’s price at the moment of calculation. Traders should treat the $160 figure — not the derived percentage — as the fixed data point from Bernstein’s call.

Robinhood’s crypto segment has increasingly become a bellwether for how traditional brokerages plan to integrate digital-asset infrastructure, from tokenized equities to blockchain-based settlement layers like Robinhood Chain. Bernstein’s continued Outperform stance suggests analysts expect that build-out to translate into incremental revenue over the coming quarters, even as the exact scale of near-term stock upside remains a matter of calculation rather than consensus.

Sources

• coingape.com
• theblock.co