The Reds captain told liverpoolfc.tv: "Yes, the future's bright. We've got a good, young squad, but there's also a lot of experienced players like Carragher and Hyypia. The signings that have been made are making an impact, so I've got confidence that we can go forward.
Asked if he believes the future is bright with players like Torres and Babel, Gerrard replied: "Yes, definitely. The important thing short-term is to get in that fourth position, then we can re-group in the summer and have another go at winning the league. The players here know we've underachieved in the league this year.
"You go back to before the Villa game and we believed we could still be in the title race. That's disappointing but now we've got to finish as high as possible this year and have another go next season."