A singular solution of the boundary value problem for the system of equations describing wave beam self-focusing is investigated by constructing renormalization group symmetries. New analytic expressions are found that characterize the spatial evolution of a beam with an arbitrary initial profile in a medium with cubic nonlinearity. The behavior of a Gaussian beam is thoroughly analyzed up to the moment the solution singularity is formed, and a hypothesis is proposed for describing the solution structure after the singularity occurs.