GS is already at a longer-term oversold condition.
The monthly suggest mid 140s is viable via the 98sma.
Glodal GDP is still rising. The biggest threat right now is geopolitical via Putin-bear. US GDP is growing. As such, tangible book will continue to rise.
At current levels there appears to be less down side risk.
My current play: maintain a minimal position, but go heavy at the 98sma for the bounce.
PS... Potential future increased earnings, aside from increased business from an improving economy, should come when the GSEs are dismantled and the private sector picks up the business.