Large language models have consistently struggled with complex reasoning tasks, such as mathematical problem-solving. Investigating the internal reasoning mechanisms of these models can help us design better model architectures and training strategies, ultimately enhancing their reasoning capability. In this study, we constructed a symbolic multi-step reasoning task to investigate the information propagation mechanisms in Transformer models when solving the task through direct answering and Chain-of-Thought (CoT) reasoning. We introduced the concept of buffer mechanism: the model stores various information in distinct buffers and selectively extracts it through the query-key matrix. We proposed a random matrix-based algorithm to enhance the model’s reasoning ability. This algorithm introduces only 132 trainable parameters, yet leads to significant performance improvements on 7 multi-step reasoning datasets, including PrOntoQA, LogicAsker, and LogicInference. These findings provide new insights into understanding the large language models.