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Bernstein holds $160 Robinhood target with tokenization and prediction markets as next catalysts

7/31/2026

A 78% upside call on Robinhood is a significant statement.

Bernstein maintained its $160 price target on the stock, pointing to tokenization and prediction markets as the next growth vectors for the platform's crypto business, though both categories remain early-stage bets on products that have yet to prove they can move revenue at the scale that target requires.

The case for the price target Bernstein's argument centers on Robinhood's crypto business having more room to run than the current share price reflects.

The firm identified tokenization and prediction markets as specific, named catalysts, which is a more granular thesis than a generic "crypto will grow" call.