Bernstein held its $160 Robinhood price target, citing tokenization and prediction markets as Robinhood's next crypto growth drivers.

Robinhood posted a record $1.31 billion in revenue in Q2. Prediction markets are now doing the work crypto used to for the company.

Robinhood posts record Q2 2026 revenue of $1.31B and $0.62 EPS, crushing estimates. Prediction markets soar while crypto revenue drops 38%