Goldman Sachs expects the market rally driven by AI momentum to continue, particularly in AI infrastructure, as overbought conditions have not yet materialized. The firm maintains its year-end gold price target of $5,400/oz, citing central bank demand and Federal Reserve rate cuts. Altcoins to watch may benefit from broader market optimism. IT sector earnings are projected to rise 44% year-over-year in Q1 2026.

On April 13, Louis Miller, Head of Global Equity Customized Baskets at Goldman Sachs, stated that momentum indicators have not yet entered overbought territory, and if earnings season fundamentals remain solid, the AI-driven breakout rally still has room to continue, particularly in AI infrastructure. Market expectations project a 44% year-over-year increase in EPS for the information technology sector in the first quarter of this year. Additionally, Goldman Sachs maintains its year-end gold price forecast of $5,400 per ounce, supported by global central banks’ diversification demand, normalization of speculative positions, and an anticipated 50-basis-point Fed rate cut this year. Improved free cash flow among gold mining companies has increased the potential for higher dividends.