Bernstein: Robinhood is affected by short-term "crypto sentiment," but we maintain our "outperform" rating.

Bernstein stated that although Robinhood's stock price experienced short-term pressure due to declining crypto revenue, the firm believes this is merely a temporary "crypto market sentiment fluctuation" and maintains its $160 price target and "outperform" rating, representing approximately 87% upside from the recent closing price. The analyst also emphasized that the rapid growth of its prediction market business will drive Robinhood's rise; data shows this business already accounts for approximately 14% of Robinhood's transactional revenue and approximately 8% of its total revenue. The platform's prediction market trading volume reached 8.5 billion contracts in the fourth quarter, exceeding previous expectations, and the volume is projected to reach 4 billion contracts by early 2026, with a full-year forecast of 27 billion contracts. (The Block)