Bernstein: Robinhood Stock Still Has 87% Upside, 'Crypto Market Fear' Just a Temporary Phenomenon

BlockBeats News, February 11th, according to The Block, Robinhood's stock price fell on Tuesday after the company announced a year-on-year decline in fourth-quarter cryptocurrency business revenue. However, analysts from the research and brokerage firm Bernstein stated that this weakness reflects temporary "crypto market stress," reaffirming their $160 price target.

Robinhood's total platform revenue reached an all-time high, but cryptocurrency trading revenue fell by 38% year-on-year to $221 million. Bernstein analysts stated that the revenue weakness due to decreased crypto trading activity was "in line with expectations," and stated that "there was no need to turn bearish as the stock approached a cyclical low." Despite the presence of "crypto market stress," the company's various business metrics remained "robust" in the fourth quarter. In addition, Robinhood Banking, launched by the end of 2025, has attracted over 25,000 funded accounts with a total balance of over $400 million.

Analysts pointed out that Robinhood's forecast market set a new record, accounting for approximately 14% of trading revenue and 8% of total revenue. The platform traded 8.5 billion contracts in the fourth quarter, far exceeding previous expectations. The report shows that trading volume in early 2026 has reached $4 billion, while previously projected 2026 trading volume was $27 billion.