Goldman Sachs Predicts 11% Global Equity Returns in 2026: What Does It Mean for Crypto?

Goldman Sachs projects an 11% total return for global equities in 2026, supported by expected earnings growth and broad economic expansion, though this rally is expected to be more measured than in 2025. Chief Global Equity Strategist Peter Oppenheimer noted that these returns will be primarily earnings-driven, not valuation-driven, despite high current valuations across regions. The report also provided specific targets for indices like the S&P 500 (11% return) and STOXX 600 (7% return). Regarding cryptocurrency, the article explores Bitcoin's relationship with the S&P 500, noting that while historically correlated, structural changes in H2 2025—including ETF inflows and reduced leverage—have led to a current negative correlation (-0.02). This suggests Bitcoin is currently trading independently of traditional equity risk sentiment, although the possibility of renewed alignment remains.

(Source：BeInCrypto)