Bernstein: Robinhood's Prediction Market Will Overtake Crypto Trading Revenue
Analysts at Wall Street brokerage Bernstein predict that Robinhood Markets (HOOD) will soon earn more revenue from its prediction market than from cryptocurrency trading. In a client note, Bernstein raised its price target on HOOD stock to $160 from $130, citing the growth of Robinhood's prediction market and a generational shift in retail trading. Analyst Gautam Chhugani expects Robinhood's annual prediction market revenue to grow at a 64% compound annual rate through 2028, reaching $1.7 billion, surpassing crypto revenue. The prediction market received a major boost from the 2026 FIFA World Cup, which accounted for 93% of trading volumes in June and early July. Robinhood's prediction market became the fourth largest by volume within a month of launch. Meanwhile, Bernstein lowered its 2026 crypto trading revenue estimate by 49% due to Bitcoin's price stagnation below $65,000. HOOD stock has declined 12% year-to-date to $100.99 per share.
Editorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page itself is projected from evidence records.
- Current automated evidence projection