Diffusion models have shown remarkable success in text-to-image generation, making alignment methods for these models increasingly important. A key challenge is the sparsity of preference labels, which are typically available only at the terminal of denoising trajectories. This raises the issue of how to assign credit across denoising steps based on these sparse labels. In this paper, we propose Denoised Distribution Estimation (DDE), a novel method for credit assignment. Unlike previous approaches that rely on auxiliary models or hand-crafted schemes, DDE derives its strategy more explicitly. The proposed DDE directly estimates the terminal denoised distribution from the perspective of each step. It is equipped with two estimation strategies and capable of representing the entire denoising trajectory with a single model inference. Theoretically and empirically, we show that DDE prioritizes optimizing the middle part of the denoising trajectory, resulting in a novel and effective credit assignment scheme. Extensive experiments demonstrate that our approach achieves superior performance, both quantitatively and qualitatively.