How to reproduce:
1. Create a new Unity project
2. In the Project window, right-click -> Shader Graph -> Blank Shader Graph
3. In the Graph Inspector -> Graph Settings, under the "Active Targets" click "+"
4. Select the "Visual Effect" and observe the Console

Expected results: No errors are spammed
Actual results: "NullReferenceException" errors are constantly spammed while the target is set

Reproducible with: 6000.4.0a1
Can't test with: 6000.57f1, 6000.2.6f1, 6000.3.0b2 (no such option)

Reproducible on: macOS Sequoia 15.6 (M1)
Not reproducible on: No other environment tested

First lines of error:
NullReferenceException: Object reference not set to an instance of an object
UnityEngine.Rendering.Universal.UniversalRenderPipeline.RenderSingleCameraInternal (UnityEngine.Rendering.ScriptableRenderContext context, UnityEngine.Camera camera, UnityEngine.Rendering.Universal.UniversalAdditionalCameraData& additionalCameraData, System.Boolean isLastBaseCamera) (at ./Library/PackageCache/com.unity.render-pipelines.universal@f90c9a894466/Runtime/UniversalRenderPipeline.cs:694)