BlockBeats News, October 23rd. On October 22nd, Goldman Sachs released its global stock market forecast, showing an optimistic view on the Chinese stock market, US stocks, and Bitcoin. Goldman Sachs expects that China A-shares and H-shares will rise by about 30% by the end of 2027, driven by a 12% earnings compound annual growth rate (CAGR) and 5%-10% valuation recovery, forming a “slow bull” market in the Chinese stock market. Factors such as policy friendliness, AI development, anti-“involution” policies, and corporate globalization will accelerate the growth of the Chinese stock market.
As for the US stock market, on September 29th, Goldman Sachs raised its year-end target for the S&P 500 Index from 6600 points to 6800 points, expecting US stocks to maintain a “small bull” trend, with returns of 5% in the next 6 months and 8% in the next 12 months, driving the index to 7000 points and 7200 points, respectively. Regarding Bitcoin, Goldman Sachs predicted on September 5th that the price of Bitcoin could reach $220,000 in the next 12 months, provided that the price of gold reaches $5,000 per ounce.
Goldman Sachs pointed out that the historical correlation between gold and Bitcoin suggests that both may rise simultaneously, especially against the backdrop of Fed policy and a weak US dollar, forming a “super bull” market. BiyaPay analysts stated that in such a market environment, investors should adjust their strategies flexibly.
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