Robinhood’s Crypto Trading to Triple by 2026, Bernstein Analysts Predict

Robinhood's cryptocurrency division is poised for substantial growth, with trading activity projected to surge over the next two years, according to a new analysis by Bernstein.

The firm anticipates that the platform’s crypto trading volume could triple by 2026, driven by a prolonged market rally and increasing retail investor participation.

The latest report follows Robinhood’s impressive earnings performance, which prompted Bernstein to raise its stock price target to $105 per share. Analysts believe the ongoing expansion of stablecoins and tokenized assets will sustain the crypto bull market, providing a strong tailwind for the company’s revenue.

Currently, crypto transactions contribute around 40% of Robinhood’s trading revenue, but this ratio is expected to shift in favor of digital assets. Bernstein predicts that within the next two years, crypto will overtake stocks, options, and other asset classes as the platform’s primary source of income.

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Robinhood has been actively broadening its crypto offerings, positioning itself as a key gateway for retail investors entering the digital asset space. The company’s general manager of crypto, Johann Kerbrat, previously stated that Robinhood aims to serve as an accessible on-ramp for users exploring cryptocurrencies.

Bernstein’s optimism aligns with an earlier Morgan Stanley report, which suggested that improved regulatory conditions in the U.S. could allow Robinhood to expand its crypto presence even further. With a more favorable legal landscape, the firm could aggressively scale its operations and tap into additional revenue streams.

Despite its increasing reliance on the crypto market, analysts argue that Robinhood’s diverse range of financial products will help mitigate risks associated with volatility. By integrating more stablecoin and tokenized asset services, the platform is positioning itself for long-term growth while reducing exposure to short-term market fluctuations.

Kosta Gushterov