BlockBeats News, June 26th. The Wall Street consensus on the year-end level of the US stock market is narrowing, with the S&P 500's 8,000 points becoming a new psychological anchor.

Fundstrat has raised its year-end target from 7,700 to 8,000; Goldman Sachs, Morgan Stanley, Deutsche Bank, and Societe Generale are also around the same level. Goldman Sachs had previously raised its 2026 S&P 500 target from 7,600 to 8,000, citing earnings growth and continued AI investments supporting the index, rather than relying solely on valuation expansion.

The more conservative camp is also adjusting upwards. JPMorgan has raised its target from 7,600 to 7,800; Barclays and Stifel have also adjusted their year-end targets to 7,800. Barclays has raised its 2026 S&P 500 earnings per share forecast from $321 to $337 and provided a target of 8,800 points for 2027. The common logic is: upward revisions in corporate earnings, AI capital expenditure, improved visibility of tech earnings, and easing geopolitical risks.

However, this consensus does not mean without risks. JPMorgan has simultaneously warned that momentum stocks, semiconductor, storage stocks, and second- and third-tier AI concept trades have become crowded, and low-quality and speculative growth stocks may experience sharp declines. It prefers a "quality growth + low volatility quality" barbell allocation.