Goldman's 2026 Markets Outlook signals that cyclical tailwinds could keep the bull run alive longer than expected. The forecast hinges on the idea that we're entering a phase where multiple asset classes benefit from synchronized economic expansion—a rare alignment that historically extends bull markets beyond their typical window.

What does this mean for crypto? Traditional market cycles are increasingly intertwined with digital assets. When institutional capital rotates through cyclical plays, it often brings liquidity into the broader digital economy. The key insight: if structural headwinds ease and cyclical momentum persists, risk appetite stays elevated across portfolios, potentially sustaining demand for alternative assets including crypto.

Investors watching 2026 should pay attention to how equities, commodities, and bonds behave. That trilogy often sets the tone. If the cycle indeed extends as Goldman suggests, the implications ripple across all markets—legacy and decentralized alike.