Bernstein raises Robinhood price target to $160 on tokenization strategy
Analysts at Bernstein have lifted their price target for Robinhood Markets, betting that the brokerage’s proprietary blockchain infrastructure and prediction markets will drive its next major revenue expansion.
Bernstein analysts have raised their price target for Robinhood Markets to $160 from $130 per share, maintaining an Outperform rating. The brokerage’s shares were recently trading around $101. This upward revision reflects a strategic shift in how Wall Street values the company’s future growth engines.
The firm’s investment thesis centers on tokenized equities and prediction markets rather than conventional cryptocurrency trading. Analysts project that prediction markets will become the platform's fastest-growing segment. Revenue from this specific business line is forecast to hit $1.7 billion by 2028, representing a 64 percent compound annual growth rate.
Beyond prediction markets, tokenized real-world assets represent a massive long-term opportunity. Robinhood is building its own Arbitrum-based layer-2 network, known as Robinhood Chain. This proprietary infrastructure allows the company to develop on-chain financial products independently, reducing reliance on external blockchain networks.
This strategic pivot aligns with broader projections for the digital asset space. Bernstein estimates that the total value of on-chain real-world assets will surge to between $2 trillion and $4 trillion by 2030, up from approximately $35 billion currently. Tokenized equities are expected to capture a growing portion of this expansion as the asset class moves beyond Treasury securities and private credit.
Wall Street builds token infrastructure
The broader financial industry is rapidly scaling its underlying technology to support this transition. On Monday, infrastructure provider Alpaca and Broadridge Financial Solutions announced the integration of shareholder governance tools into Alpaca’s Instant Tokenization Network. This development grants token holders traditional shareholder rights, including proxy voting, investor communications and regulatory disclosures.
Institutional momentum is accelerating across multiple fronts. Last week, Securitize partnered with Cantor Fitzgerald to create infrastructure for blockchain-based initial and follow-on public offerings under existing US regulations. Consequently, the market value of tokenized stocks has already expanded to nearly $2 billion this year, according to data from RWA.xyz.
