every physical signal is analog, the concept of digital signals does not exist at all
there is no concept that digital signals doesn't exists at all.
The digital signal is a signal discrete in time and represented as a stream of digits, such digital signal is synchronized with master clock and needs to have valid state at the clock event. Valid state means that it should have stable and valid voltage level defined for digit in a specific digital signal standard.
On the contrary, analog signal is continuous in time and don't have valid ranges for some digit, it can have any voltage level in a working range. It also doesn't have a clock, because it is continuous.
Technically you can name one way PAM-5 stream as "digital", because it is represented as a stream of digits and discrete in time because it is synchronized with clock.
But the signal on a pair between two 1000BASE-T PHY is not just simple PAM-5 with a clock.
There are some difference:
1) there is needs digital to analog and analog to digital transformation, because PAM-5 encoding requires more than 2 voltage levels but digital domain operations can be done in a binary representation.
2) there is need to recover a clock from continuous signal representation on analog line, because there is no clock lines between two PHY
3) there is need for analog signal processing such as amplification/attenuation, analog add/subtractions, common mode currents rejection, echo cancellation, etc.
4) there are two streams on the same 1000BASE-T pair simultaneously, they flow in opposite direction and they are not synchronized with each other, so there is analog sum of two PAM-5 streams and they are clocked from different asynchronous clock sources.
As you can see, it has too many analog signal operations and the sum of all these analog signal operations cannot give you a chance to treat this signal as a simple stream of digits discrete in time. So, you cannot name it as digital.
When you saying that this line is "digital" just because it transfers digital data, this is a big simplification which omits many details which is actually very important for processing such a signal.
Another example, did you hear about HART protocol? This is a hybrid analog+digital protocol which allows to send digital data over analog 4-20 mA line which already has analog signal from analog source. Can you say that 4-20 mA analog line is digital just because it allows to transfer digital data?