Goldman Sachs has become the first major Wall Street bank to lower its price target for the S&P 500, reflecting a revised outlook amid reduced GDP growth forecasts and increased trade uncertainty. Strategists at the firm have revised their 2025 U.S. growth forecast from 2.4% to 1.7%, attributing this adjustment to changes in U.S. trade policy that are expected to negatively impact consumer income and investment. Additionally, Ed Yardeni, a prominent Wall Street strategist, has also cut his year-end S&P 500 target from 7,000 to 6,400, citing heightened risks of stagflation due to President Donald Trump’s tariffs. Yardeni's forecast for 2026 has been adjusted from 8,000 to 7,200. Other analysts have echoed similar sentiments, indicating a growing skepticism on Wall Street regarding market conditions and economic growth.