Bernstein just raised its price target on Robinhood to $160 (from $130). The firm’s thesis: the next battleground is a $70B+ trading fee pool spanning prediction markets, perpetual futures, tokenized equities, and onchain markets. Robinhood’s edge? Distribution. With 27M funded accounts, Bernstein believes Robinhood is uniquely positioned to win as retail trading moves onchain.(Frank Chaparro)