The pinching-antenna system (PASS) reconstructs wireless channels through pinching beamforming, i.e., optimizing the activated locations of pinching antennas (PAs) along the waveguide. The aim of this article is to investigate the joint design of baseband beamforming and pinching beamforming. A low-complexity element-wise sequential optimization framework is proposed to address the sum-rate maximization problem in PASS-enabled downlink and uplink channels. i) For the downlink scenario, maximum ratio transmission (MRT), zero-forcing (ZF), and minimum mean square error (MMSE) beamforming schemes are employed as baseband beamformers. For each beamformer, a closed-form expression for the downlink sum-rate is derived as a single-variable function with respect to the pinching beamformer. Based on this, a sequential optimization method is proposed, where the positions of the PAs are updated element-wise using a low-complexity one-dimensional search. ii) For the uplink scenario, signal detection is performed using maximum ratio combining (MRC), ZF, and MMSE combiners. A closed-form sum-rate expression is derived for each linear combiner, and a similar element-wise design is applied to optimize the pinching beamforming. Numerical results are provided to validate the effectiveness of the proposed method and demonstrate that: (i) For all considered linear beamformers, the proposed PASS architecture outperforms conventional fixed-antenna systems in terms of sum-rate performance; (ii) in both downlink and uplink channels, ZF achieves performance close to that of MMSE and significantly outperforms MRT or MRC; and (iii) the proposed element-wise design eliminates the need for alternating updates between the baseband and pinching beamformers, thereby ensuring low computational complexity.