Robinhood Markets (NASDAQ:HOOD) has been the focus of several analyst updates and product announcements

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Bernstein analysts highlighted the significant stability of Bitcoin in the face of current economic turmoil and the potential impact of tariffs on the cryptocurrency mining business.

As Capital seeks more in-depth insights into crypto-related stocks, InvestingPro provides analysis of more than 1,400 companies and provides research reports that translate complex market data into actionable intelligence.

Bernstein observed that although Bitcoin typically experiences a significant decline during crisis periods, such as Covid Pandemic or interest rate shocks, the current price drop of 26% indicates higher demand for capital sources.

Although tariffs are affecting miners due to supply chains that rely heavily on China, tariffs can provide U.S.-based alternatives, and advances in AI technology can provide miners with new opportunities for growth and diversification.

Bitcoin’s typical behavior during the global crisis is in stark contrast to its more relevant relationship with technology stocks during the global crisis, rather than a similar hedge to gold.

However, Bernstein analysts believe that when the stock market is not operating, Bitcoin is the easiest to obtain and liquid risk market, usually the main indicator of risk assessment during non-market periods.

Despite its volatility as 2.5 times as volatility as gold, they see Bitcoin as a potential long-term "store of value" asset, similar to the volatile and liquid version of gold, with market value of nearly $200 trillion, while Gold's over $20 trillion.

The report also discusses the current landscape of the Bitcoin mining supply chain, which has historically dominated by China, with major companies such as Bitmain and Microbt leading the industry. American miners such as CLSK, MARA, RIOT and IREN have been purchasing equipment from these Chinese companies.

Despite the challenges of tariffs, large-scale miners are still able to significantly expand their hash rate across CY24, with growth rates ranging between 100-500%, which has the potential to increase their market share.

In related industry news, Coin (Coinbase) is taking a favorable turn in the U.S. regulatory landscape, with its lawsuit against its abandoned stake in three states and plans to launch futures on May 18.

Robinhood disclosed its March 2025 trading volume, with fewer equity, options and cryptocurrency trading volumes compared to February 2025.

Meanwhile, MSTR (MicroStrategy) reported that it acquired approximately 80,715 BTC, approximately $7.66 billion in the first quarter of 2025, with a total holding of 528,185 bitcoins, with an average price of $67,458 per bitcoin. MicroStrategy currently faces unrealized losses of approximately $5.91 billion in its digital asset holdings.

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In other recent news, Robinhood Markets (NASDAQ:HOOD) has been the focus of several analyst updates and product announcements.

Raymond James maintains his market performance rating and is cautious about his current valuation.

Needham adjusted its target target for Hood from $70 to $62, citing a decline in cryptocurrency trading volume and wider economic challenges, although they maintained a buy rating due to new revenue streams.

JMP analysts reiterated the market's superiority rating with a price target of $77, praising Robinhood's strategic plan and banking in digital wealth management as an important step towards long-term growth.

Keefe, Bruyette & Woods also maintained market performance at a price of $60, noting that Robinhood’s new products, such as Robo-Advisory Services, are aligned with previous expectations and are designed to close the gap with larger competitors.

Cantor Fitzgerald reiterated his overweight rating and $62 price target, highlighting Robinhood’s introduction of new premium services, including AI-powered tools and banking solutions, which are expected to enhance the growth of its gold subscriptions.

These developments reflect Robinhood's ongoing efforts to expand its financial services and gain a larger market share. The company’s recent move highlights its commitment to democratizing finances and delivering high-quality services to a wide audience.

This article was generated with the support of AI and reviewed by the editor. For more information, see our T&C.

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