B757 GOES AROUND AT ABQ AFTER RECEIVING TERRAIN WARNING AND TWR RPT OF 20 KT TAILWIND ON FINAL. CREW OVERSHOOTS ALT ON LEVELOFF.

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THERE WERE NUMEROUS TSTMS IN THE ABQ TERMINAL AREA. WE WERE DEVIATING AROUND THE TSTMS FOR A VISUAL APCH TO RWY 26 FROM THE SE. APPROX 15 MI FROM THE ARPT WE WERE CLRED FOR THE VISUAL APCH TO RWY 26. WE WERE AT ABOUT 11000 FT. I CONFIGURED THE ACFT TO FLAPS 20 DEGS; GEAR DOWN; SPD BRAKES EXTENDED TO LOSE ALT. DSNDING THROUGH APPROX 7500 FT THE TWR NOTIFIED US THAT THE PRECEDING ACFT RPTED A 20 KT TAILWIND ON FINAL FOR RWY 26. THE CAPT WAS TALKING TO THE TWR AND TELLING HIM THAT WE NEEDED A DIFFERENT RWY WHEN WE GOT A 'TERRAIN; TERRAIN' WARNING AS WE DSNDED THROUGH APPROX 6000 FT. ALTHOUGH I WAS IN VFR CONDITIONS I COMPLIED WITH THE CFIT PROCS AND STOWED THE SPD BRAKES AND STARTED A CLB. THE CAPT NOTIFIED THE TWR THAT WE WERE GOING AROUND. AS WE WERE CLBING THROUGH APPROX 8000 FT (AT ABOUT 2000 FPM) WE WERE TOLD TO MAINTAIN 8000 FT. I THOUGHT I HEARD THE CTLR SAY 9000 FT AND ASKED THE CAPT TO CONFIRM THE ASSIGNED ALT. 8000 FT WAS VERIFIED AND I STARTED A CORRECTION BACK DOWN TO 8000 FT. THE HIGHEST ALT REACHED WAS ABOUT 8700 FT. THE 'TERRAIN' WARNING WOULD NOT HAVE NECESSITATED A GAR IF THE WIND WAS NOT OUT OF LIMITS FOR THE RWY WE WERE ON APCH TO. I WAS IN VISUAL CONDITIONS BUT WITH EVERYTHING GOING ON (TSTMS; LOW LIGHT CONDITIONS; POSSIBLE WINDSHEAR; RPT OF UNEXPECTED 20 KT TAILWIND FOR THE RWY WE WERE LNDG; POSSIBLE WINDSHEAR DUE TO TSTMS; NONSTANDARD APCH IN HIGH TERRAIN); I HAD A SMALL GRAIN OF DOUBT ABOUT THE SAFETY OF THE ACFT. I ELECTED TO DO THE 'SAFE' THING AND EXECUTED THE CFIT MANEUVER. I WAS THINKING ABOUT THE TSTMS AND WHAT RWY WE WERE GOING TO LAND ON AND NOT THINKING ABOUT WHAT ALT TO LEVEL AT SO IT CAUGHT ME BY SURPRISE WHEN WE WERE ALREADY CLBING THROUGH THE ALT THE CTLR WANTED US TO LEVEL AT.