A new report by Bernstein predicts that the revenues for Robinhood's cryptocurrency trading will grow rapidly, with trading volume expected to triple by 2026. This optimistic forecast follows strong earnings for the company, leading Bernstein analysts to nearly double their price target for Robinhood stock. The report suggests that the ongoing bull market in cryptocurrencies, including the rise of stablecoins and tokenized securities, will continue to drive Robinhood's business. Currently, crypto trading accounts for 40% of Robinhood's revenue, but Bernstein predicts that it will become the primary source of revenue in the next two years. Robinhood aims to become a major entry point for retail traders into the digital asset space and has been expanding its crypto offerings. The report aligns with a previous prediction by Morgan Stanley that a favorable regulatory environment will unlock even greater revenue potential for Robinhood in the crypto sector. Despite the growing reliance on crypto, Bernstein argues that Robinhood's diversified offerings will help reduce risk from the volatility of cryptocurrencies.



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