I already have Xcode 26.0.1 (17A400) and the problem occurs.
For me, it only occurs when I do not open Xcode directly, but I open an xcodeproj or an xcworkspace in Finder or Spotlight.
I think when my Xcode has last updated itself, I launched it with this method so it had to perform 2 tasks at launch: download additional components and open the specified project. So I speculate that it has cached an instruction somewhere to open the Downloads window after launching a project and that cache has erroneously persisted. I haven't yet managed to figure out where that cache is.