Bernstein Lifts Robinhood Target on Tokenization, Prediction Markets
Robinhood, which built its business as a commission-free retail brokerage, has expanded into cryptocurrency and blockchain-based finance. Bernstein sees the company’s next phase of growth coming less from conventional crypto trading and more from prediction markets and tokenized equities, products that could broaden its investable universe, increase transaction activity and create additional revenue streams.
As of July 21, 2026, Bernstein has raised its Robinhood price target to $160 from $130, an increase of about 23%, while maintaining an “outperform” rating. Robinhood is also developing Robinhood Chain, a proprietary Layer-2 network based on Arbitrum technology, as infrastructure for tokenized stocks and other onchain financial products.
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The history behind this eventBernstein Reaffirms Robinhood at $160, Sees 78% Upside
Robinhood began as a commission-free brokerage and has expanded across equities, options and cryptocurrency trading. Tokenization could bring traditional assets onto blockchain infrastructure, while prediction markets add event-contract revenue and deepen user engagement. Both businesses matter because they could broaden Robinhood’s addressable market and reduce its dependence on volatile crypto trading volumes, giving investors new ways to value the platform’s next phase of growth.
As of July 31, 2026, Bernstein reiterated its $160 price target on Robinhood, implying about 78% upside from the share price cited in the report. The investment firm said tokenization and prediction markets are positioned to become central engines of Robinhood’s next stage of crypto-related expansion, potentially extending the company beyond digital-asset trading into a wider range of blockchain-based assets and financial-market products.
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