$US_EQUITIES - Goldman Sachs projects an 8% return for US equities, an increase from last year's 6% projection, despite recent market downturn.
$PE - Goldman Sachs is shifting allocation from non-US equities to private assets, specifically buyout and growth equity.
Bearish:
$BITCOIN - Goldman Sachs views Bitcoin as not being an investment asset class due to lack of cash flows, earnings, and portfolio diversification benefits.
$CHINA - Goldman Sachs has a bearish outlook on China's economic future, comparing it to Japan's long-term stagnation due to various headwinds.
$GOLD - Goldman Sachs views gold as ineffective for inflation hedging and not a good store of value.