The Berliner Morgenpost newspaper judged that Steinmeier looks set to be "the anti-Trump president".
Steinmeier has always been one of Germany's most popular politicians.
The German president has little executive power but is considered an important moral authority.
A German parliamentary assembly has elected Frank-Walter Steinmeier by an overwhelming majority to become the country's new president.
In his acceptance speech, Steinmeier said that Germany should be an "anchor of hope" at a time when democratic institutions were under threat across the world.
However, she said he was coming to office during hard times.
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Merkel congratulated him on Sunday and said she was convinced he would be an excellent president who would enjoy wide support.
"For Germany's Social Democrats, Steinmeier's election is a prelude to something bigger to come: a victory in September's elections against Merkel", said Broening.
He has always been one of Germany's most popular politicians.
Both terms were served under Chancellor Angela Merkel in grand coalitions of Christian Democrats and Social Democrats. Steinmeier succeeds Joachim Gauck, a former Lutheran pastor and civil rights activist in the former East Germany.
He was reinstated as foreign minister in 2013 as part of Germany's "grand coalition" between the CDU and the SPD, where he enjoyed consistently high popularity ratings.