diff --git a/static/app/views/performance/newTraceDetails/traceAnalytics.tsx b/static/app/views/performance/newTraceDetails/traceAnalytics.tsx
index fc423cb5bf46d7..bd0a6390a93b9d 100644
--- a/static/app/views/performance/newTraceDetails/traceAnalytics.tsx
+++ b/static/app/views/performance/newTraceDetails/traceAnalytics.tsx
@@ -71,6 +71,10 @@ const trackViewContinuousProfile = (organization: Organization) =>
   trackAnalytics('trace.trace_layout.view_continuous_profile', {
     organization,
   });
+const trackViewTransactionProfile = (organization: Organization) =>
+  trackAnalytics('trace.trace_layout.view_transaction_profile', {
+    organization,
+  });
 
 const trackTabPin = (organization: Organization) =>
   trackAnalytics('trace.trace_layout.tab_pin', {
@@ -209,6 +213,7 @@ const traceAnalytics = {
   trackShowInView,
   trackViewEventJSON,
   trackViewContinuousProfile,
+  trackViewTransactionProfile,
   // Layout actions
   trackLayoutChange,
   trackDrawerMinimize,
diff --git a/static/app/views/performance/newTraceDetails/traceDrawer/details/styles.tsx b/static/app/views/performance/newTraceDetails/traceDrawer/details/styles.tsx
index 5761397441829b..429f8914fdd7f7 100644
--- a/static/app/views/performance/newTraceDetails/traceDrawer/details/styles.tsx
+++ b/static/app/views/performance/newTraceDetails/traceDrawer/details/styles.tsx
@@ -52,7 +52,10 @@ import {useParams} from 'sentry/utils/useParams';
 import {traceAnalytics} from '../../traceAnalytics';
 import {useTransaction} from '../../traceApi/useTransaction';
 import {useDrawerContainerRef} from '../../traceDrawer/details/drawerContainerRefContext';
-import {makeTraceContinuousProfilingLink} from '../../traceDrawer/traceProfilingLink';
+import {
+  makeTraceContinuousProfilingLink,
+  makeTransactionProfilingLink,
+} from '../../traceDrawer/traceProfilingLink';
 import {
   isAutogroupedNode,
   isMissingInstrumentationNode,
@@ -798,30 +801,44 @@ function NodeActions(props: {
     organization,
   });
 
-  const profilerId: string = useMemo(() => {
-    if (isTransactionNode(props.node)) {
-      return props.node.value.profiler_id;
+  const transactionProfileTarget = useMemo(() => {
+    const profileId = isTransactionNode(props.node)
+      ? props.node.value.profile_id
+      : isSpanNode(props.node)
+        ? props.node.event?.contexts?.profile?.profile_id ?? ''
+        : '';
+    if (!profileId) {
+      return null;
     }
-    if (isSpanNode(props.node)) {
-      return props.node.value.sentry_tags?.profiler_id ?? '';
+    return makeTransactionProfilingLink(profileId, {
+      orgSlug: props.organization.slug,
+      projectSlug: props.node.metadata.project_slug ?? '',
+    });
+  }, [props.node, props.organization]);
+
+  const continuousProfileTarget = useMemo(() => {
+    const profilerId = isTransactionNode(props.node)
+      ? props.node.value.profiler_id
+      : isSpanNode(props.node)
+        ? props.node.value.sentry_tags?.profiler_id ?? null
+        : null;
+    if (!profilerId) {
+      return null;
     }
-    return '';
-  }, [props]);
-
-  const profileLink = makeTraceContinuousProfilingLink(props.node, profilerId, {
-    orgSlug: props.organization.slug,
-    projectSlug: props.node.metadata.project_slug ?? '',
-    traceId: params.traceSlug ?? '',
-    threadId: getThreadIdFromNode(props.node, transaction),
-  });
+    return makeTraceContinuousProfilingLink(props.node, profilerId, {
+      orgSlug: props.organization.slug,
+      projectSlug: props.node.metadata.project_slug ?? '',
+      traceId: params.traceSlug ?? '',
+      threadId: getThreadIdFromNode(props.node, transaction),
+    });
+  }, [params.traceSlug, props.node, props.organization, transaction]);
 
   if (!hasNewTraceUi) {
     return (
       <LegacyNodeActions
         {...props}
-        profileLink={profileLink}
-        profilerId={profilerId}
-        transaction={transaction}
+        continuousProfileTarget={continuousProfileTarget}
+        transactionProfileTarget={transactionProfileTarget}
       />
     );
   }
@@ -850,11 +867,23 @@ function NodeActions(props: {
           />
         </Tooltip>
       ) : null}
-      {profileLink ? (
-        <Tooltip title={t('Continuous Profile')}>
+      {continuousProfileTarget ? (
+        <Tooltip title={t('Profile')}>
+          <ActionButton
+            onClick={() => traceAnalytics.trackViewContinuousProfile(props.organization)}
+            to={continuousProfileTarget}
+            size="xs"
+            aria-label={t('Profile')}
+            icon={<IconProfiling size="xs" />}
+          />
+        </Tooltip>
+      ) : transactionProfileTarget ? (
+        <Tooltip title={t('Profile')}>
           <ActionButton
+            onClick={() => traceAnalytics.trackViewTransactionProfile(props.organization)}
+            to={transactionProfileTarget}
             size="xs"
-            aria-label={t('Continuous Profile')}
+            aria-label={t('Profile')}
             icon={<IconProfiling size="xs" />}
           />
         </Tooltip>
@@ -888,6 +917,7 @@ const ActionWrapper = styled('div')`
 `;
 
 function LegacyNodeActions(props: {
+  continuousProfileTarget: LocationDescriptor | null;
   node: TraceTreeNode<any>;
   onTabScrollToNode: (
     node:
@@ -896,20 +926,18 @@ function LegacyNodeActions(props: {
       | SiblingAutogroupNode
       | MissingInstrumentationNode
   ) => void;
-  profileLink: LocationDescriptor | null;
-  profilerId: string;
-  transaction: EventTransaction | undefined;
+  organization: Organization;
+  transactionProfileTarget: LocationDescriptor | null;
   eventSize?: number | undefined;
 }) {
   const navigate = useNavigate();
-  const organization = useOrganization();
 
   const items = useMemo((): MenuItemProps[] => {
     const showInView: MenuItemProps = {
       key: 'show-in-view',
       label: t('Show in View'),
       onAction: () => {
-        traceAnalytics.trackShowInView(organization);
+        traceAnalytics.trackShowInView(props.organization);
         props.onTabScrollToNode(props.node);
       },
     };
@@ -925,9 +953,9 @@ function LegacyNodeActions(props: {
     const jsonDetails: MenuItemProps = {
       key: 'json-details',
       onAction: () => {
-        traceAnalytics.trackViewEventJSON(organization);
+        traceAnalytics.trackViewEventJSON(props.organization);
         window.open(
-          `/api/0/projects/${organization.slug}/${projectSlug}/events/${eventId}/json/`,
+          `/api/0/projects/${props.organization.slug}/${projectSlug}/events/${eventId}/json/`,
           '_blank'
         );
       },
@@ -936,28 +964,37 @@ function LegacyNodeActions(props: {
         (typeof eventSize === 'number' ? ` (${formatBytesBase10(eventSize, 0)})` : ''),
     };
 
-    const continuousProfileLink: MenuItemProps | null = props.profileLink
+    const profileLink: MenuItemProps | null = props.continuousProfileTarget
       ? {
-          key: 'continuous-profile',
+          key: 'profile',
           onAction: () => {
-            traceAnalytics.trackViewContinuousProfile(organization);
-            navigate(props.profileLink!);
+            traceAnalytics.trackViewContinuousProfile(props.organization);
+            navigate(props.continuousProfileTarget!);
           },
-          label: t('Continuous Profile'),
+          label: t('View Profile'),
         }
-      : null;
+      : props.transactionProfileTarget
+        ? {
+            key: 'profile',
+            onAction: () => {
+              traceAnalytics.trackViewTransactionProfile(props.organization);
+              navigate(props.transactionProfileTarget!);
+            },
+            label: t('View Profile'),
+          }
+        : null;
 
     if (isTransactionNode(props.node)) {
-      return [showInView, jsonDetails, continuousProfileLink].filter(TypeSafeBoolean);
+      return [showInView, jsonDetails, profileLink].filter(TypeSafeBoolean);
     }
     if (isSpanNode(props.node)) {
-      return [showInView, continuousProfileLink].filter(TypeSafeBoolean);
+      return [showInView, profileLink].filter(TypeSafeBoolean);
     }
     if (isMissingInstrumentationNode(props.node)) {
-      return [showInView, continuousProfileLink].filter(TypeSafeBoolean);
+      return [showInView, profileLink].filter(TypeSafeBoolean);
     }
     if (isTraceErrorNode(props.node)) {
-      return [showInView, continuousProfileLink].filter(TypeSafeBoolean);
+      return [showInView, profileLink].filter(TypeSafeBoolean);
     }
     if (isRootNode(props.node)) {
       return [showInView];
@@ -967,20 +1004,24 @@ function LegacyNodeActions(props: {
     }
 
     return [showInView];
-  }, [props, navigate, organization]);
+  }, [props, navigate]);
 
   return (
     <ActionsContainer>
       <Actions className="Actions">
-        {props.profileLink ? (
-          <LinkButton size="xs" to={props.profileLink}>
-            {t('Continuous Profile')}
+        {props.continuousProfileTarget ? (
+          <LinkButton size="xs" to={props.continuousProfileTarget}>
+            {t('View Profile')}
+          </LinkButton>
+        ) : props.transactionProfileTarget ? (
+          <LinkButton size="xs" to={props.transactionProfileTarget}>
+            {t('View Profile')}
           </LinkButton>
         ) : null}
         <Button
           size="xs"
           onClick={_e => {
-            traceAnalytics.trackShowInView(organization);
+            traceAnalytics.trackShowInView(props.organization);
             props.onTabScrollToNode(props.node);
           }}
         >
@@ -991,8 +1032,8 @@ function LegacyNodeActions(props: {
           <LinkButton
             size="xs"
             icon={<IconOpen />}
-            onClick={() => traceAnalytics.trackViewEventJSON(organization)}
-            href={`/api/0/projects/${organization.slug}/${props.node.value.project_slug}/events/${props.node.value.event_id}/json/`}
+            onClick={() => traceAnalytics.trackViewEventJSON(props.organization)}
+            href={`/api/0/projects/${props.organization.slug}/${props.node.value.project_slug}/events/${props.node.value.event_id}/json/`}
             external
           >
             {t('JSON')} (<FileSize bytes={props.eventSize ?? 0} />)
diff --git a/static/app/views/performance/newTraceDetails/traceDrawer/traceProfilingLink.ts b/static/app/views/performance/newTraceDetails/traceDrawer/traceProfilingLink.ts
index 0acbb04505decd..23293fa7b10583 100644
--- a/static/app/views/performance/newTraceDetails/traceDrawer/traceProfilingLink.ts
+++ b/static/app/views/performance/newTraceDetails/traceDrawer/traceProfilingLink.ts
@@ -1,7 +1,10 @@
 import type {Location, LocationDescriptor} from 'history';
 
 import {getDateFromTimestamp} from 'sentry/utils/dates';
-import {generateContinuousProfileFlamechartRouteWithQuery} from 'sentry/utils/profiling/routes';
+import {
+  generateContinuousProfileFlamechartRouteWithQuery,
+  generateProfileFlamechartRouteWithQuery,
+} from 'sentry/utils/profiling/routes';
 
 import {isSpanNode, isTransactionNode} from '../traceGuards';
 import {TraceTree} from '../traceModels/traceTree';
@@ -25,6 +28,25 @@ function getEventId(node: TraceTreeNode<TraceTree.NodeValue>): string | undefine
   return TraceTree.ParentTransaction(node)?.value?.event_id;
 }
 
+export function makeTransactionProfilingLink(
+  profileId: string,
+  options: {
+    orgSlug: string;
+    projectSlug: string;
+  },
+  query: Location['query'] = {}
+): LocationDescriptor | null {
+  if (!options.projectSlug || !options.orgSlug) {
+    return null;
+  }
+  return generateProfileFlamechartRouteWithQuery({
+    orgSlug: options.orgSlug,
+    projectSlug: options.projectSlug,
+    profileId,
+    query,
+  });
+}
+
 /**
  * Generates a link to a continuous profile for a given trace element type
  */