Proof.
Assume (2) holds. By Lemma 68.13.2 we see that $Z$ is reduced and $|Z|$ is a singleton. Let $W$ be a scheme and let $W \to Z$ be a surjective étale morphism. Choose a field $k$ and a locally finitely presented, surjective, flat morphism $\mathop{\mathrm{Spec}}(k) \to Z$. Then $W \times _ Z \mathop{\mathrm{Spec}}(k)$ is a scheme étale over $k$, hence a disjoint union of spectra of fields (see Remark 68.4.1), hence locally Noetherian. Since $W \times _ Z \mathop{\mathrm{Spec}}(k) \to W$ is flat, surjective, and locally of finite presentation, we see that $\{ W \times _ Z \mathop{\mathrm{Spec}}(k) \to W\} $ is an fppf covering and we conclude that $W$ is locally Noetherian (Descent, Lemma 35.16.1). In other words (1) holds.
Assume (1). Pick a nonempty affine scheme $W$ and an étale morphism $W \to Z$. Pick a closed point $w \in W$ and set $k = \kappa (w)$. Because $W$ is locally Noetherian the morphism $w : \mathop{\mathrm{Spec}}(k) \to W$ is of finite presentation, see Morphisms, Lemma 29.21.7. Hence the composition
\[ \mathop{\mathrm{Spec}}(k) \xrightarrow {w} W \longrightarrow Z \]
is locally of finite presentation by Morphisms of Spaces, Lemmas 67.28.2 and 67.39.8. It is also flat and surjective by Lemma 68.13.1. Hence (2) holds.
$\square$
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