# If you'd like to omit non-matching lines from the result; add ';d' to the end of the expression.
sed -E 's/(\A|\s)#(\w+)/\1#<a href="http:\/\/search.twitter.com\/search?q=%23\2">\2<\/a>/g;t' <<< "This is #hashtag finder that looks for all the #tags in a tweet object!"
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for SED, please visit: https://www.gnu.org/software/sed/manual/html_node/The-_0022s_0022-Command.html