Robinhood stock will nearly double by year’s end, according to Bernstein analysts who predict outsize growth in crypto and prediction markets.
The retail trading platform could see its stock top $130 per share — an 81% increase from its Tuesday price, according to analysts. They expect 23% year-over-year growth in Robinhood’s crypto-based revenue and whopping 286% growth in the company’s revenue from prediction markets.
Robinhood shares are down in 2026 despite announcing a $1.5 billion buyback programme last month.
Bernstein analysts say they see major events fuelling a boom in prediction markets.
“We expect 2026 to be catalyst-rich for prediction market volumes as U.S hosts the Football world cup in the summer and political activity heats up in H2 on U.S mid term elections,” they wrote.
The analysts also see a record-breaking Bitcoin rally fuelling a revival in retail crypto trading. By the end of 2027, crypto could be the single-largest revenue source for the company.
“This is driven by our expectation of Bitcoin touching $150K by 2026 year-end and $200K by mid-2027,” the analysts wrote. “Crypto has been Robinhood’s most significant differentiator relative to traditional brokers.”
Crypto embrace
CEO Vlad Tenev has jumped headlong into crypto over the past year.
In 2025, the company announced it would build a Layer 2 blockchain on Ethereum, acquired crypto exchange Bitstamp, and launched prediction markets in partnership with Kalshi.
“We have a chance to prove to the world what we’ve believed all along, that crypto is much more than a speculative asset,” Tenev said last year at a crypto event in Cannes. “It has the potential to become the backbone of the global financial system.”
When Donald Trump’s victory in 2024 drove crypto prices to all-time highs, Robinhood was one of the beneficiaries.
Crypto trades accounted for half the company’s transaction based revenues in the fourth quarter of 2024, a 700% jump. The performance contributed to a 58% jump in Robinhood’s net total revenue of $2.9 billion in 2024. Crypto also helped the brokerage record net income of $1.4 billion.
Robinhood’s latest quarterly earnings showed that the company’s crypto-side of business took a hit along with the price of Bitcoin.
“We’re not getting distracted by short-term [price] fluctuations,” Tenev said in the company’s earnings call.
Aleks Gilbert is DL News’ New York-based DeFi correspondent. Have a tip? You can reach him at aleks@dlnews.com.