Goldman Sachs, in its 2024 annual shareholder letter, officially acknowledged the increasing importance of cryptocurrencies in financial markets for the first time. The letter highlights the impact of technologies like AI, distributed ledger, and emerging financial products, indicating a shift in Wall Street's perspective on digital assets. Despite cautiousness towards risks associated with blockchain and crypto, the firm has shown a growing interest in the sector, evidenced by significant investments in Bitcoin ETF assets. CEO Solomon previously expressed doubts about Bitcoin's long-term viability but acknowledged the potential of blockchain in reducing inefficiencies in the financial system. While maintaining a prudent approach towards risks, Goldman Sachs appears to be evolving its stance on digital assets, considering potential entry into Bitcoin and Ethereum markets pending regulatory changes.