A draw with Wolves on Saturday has Newcastle hovering just above the dropzone, but Hoddle is adamant staying up is the best the Toon can expect from Bruce for the current squad.
Indeed, he insists without the necessary squad investment fans cannot expect too much more.
He said on his podcast, ' The Glenn Hoddle Footy Show': "When Steve went to Newcastle I don't think they expected anything else but to stay in the division.
"I think Steve Bruce's job is safe this season. It's still going to be very difficult for any of those bottom three to sneak out of there."
Hoddle insists the big problem for Newcastle has been the success of clubs many regard as their peers, highlighting the current top four challenges of Leicester City and West Ham United, while the Magpies languish at the wrong end of the table.
He also said: "I think the problem is, for Steve, for Newcastle and their fanatical fans, they look at Leicester in the top four, they look at Wolves playing in the Europa... they look at West Ham at the moment. Aston Villa's another example.
"They look at them and think 'we should be doing that'. I don't think they expect to be in the top four, but they expect more.
"But being safe from the relegation is where I see Newcastle at the moment.
Hoddle, however, believes in Callum Wilson, who is currently out injured, Newcastle have the ideal No9 for where the team stands at the moment. This season, the former Bournemouth striker has scored ten goals in 23 appearances, including five assists.
Hoddle added: "I think Wilson is a good striker and I think if he hadn't been injured, over a longer period of time he would be scoring goals.
"Newcastle fans need to understand, you're not going to get 25 chances every game. As a striker you're going to get one or two chances and you need to take one out of two or three. Then you might have to wait a game, or two games, before you get another chance. They're not a team which is going to make a lot of chances for a striker.
"And I think Wilson will prove someone who is capable of that sort of ratio."
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