I just got a Pixel Watch 3 and find it impossible to understand how they have such an advanced monitoring on so many health aspects, including sleep cycles, but it doesn't support Smart Alarms (aka. Smart Wake or similar names), i.e. an alarm that is able to wake you up when you are in the lightest phase of sleep.
(just like what Fitbit bands themselves had, or what apps such as "Sleep as Android smart alarm" try to guesstimate)