Robinhood Markets Inc. HOOD has been identified as the leading beneficiary of potential regulatory shifts in the cryptocurrency sector, according to a Bernstein report.

What Happened: The research firm highlighted the brokerage platform as the “Top ‘Crypto Deregulation’ Trade,” increasing its price target to $51, up from $30, reflecting a 46% upside.

In a note issued on Wednesday, Bernstein attributes Robinhood’s potential for significant growth to a combination of regulatory changes and a diversified product pipeline.

“HOOD’s crypto revenues for 2025E have been increased by 20%, driven by new token listings and expanded product offerings,” the report…

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