Goldman Sachs and Deutsche Bank Reaffirm Bullish S&P 500 Targets Dismissing Bubble Fears

Major Wall Street investment banks Goldman Sachs and Deutsche Bank have reaffirmed bullish outlooks for the S&P 500, dismissing fears of an impending earnings bubble. Deutsche Bank reaffirmed its 8,000-point year-end target while raising its 2027 earnings-per-share forecast to $420, representing nearly 17% growth. This aligns with Goldman Sachs, which recently lifted its year-end 2026 target to 8,000 on an EPS projection of $340. Both institutions pointed to aggregate earnings expanding over 30%, steady artificial intelligence infrastructure spending, third-quarter GDP tracking above 3%, and cautious institutional positioning near March lows as favorable drivers.