The Reds have already picked up the Carling Cup this year, but their league form has been disappointing with the club currently sitting eighth in the Premier League table, two points behind local rivals Everton.
However, Gerrard believes that success in the FA Cup final against Chelsea on May 5 will prove that Liverpool have a very strong squad.
"To get to one final is a big deal, but you can get there with a bit of luck and some good performances," said the England international.
"To reach two finals in the same season, though, proves that you are a good team with a good squad. If we go on and win this cup we can look at this season as a success.
"We are confident (for the final) but we are not getting carried away. It is going to be a massive game."