Don't teach it if you want Programmers (know what they're doing). Do teach it if you want Computer Scientists (know why they're doing it).
Obviously these two aren't mutually exclusive, but plenty of people learn how to code without understanding what they're doing at a lower level, and that's ok. If that's your goal, ignore goto; they'll never need to know it.
If you do want them to understand the why, then you have to teach it. If their code uses any sort of control flow, then at a lower level something somewhere is calling a goto (or something close), and CS students need to understand how that works.