The COVID-19 pandemic has had a significant impact on college education. College students have faced great difficulties in terms of learning and living during the lockdown period, which has brought many negative psychological effects. To explore the psychological states of college students learning during the COVID-19 pandemic and the reasons for these states, this study used CiteSpace to analyze 105 articles on WoS about college students’ learning psychology, and the results of this analysis were combined with an interpretation of the literature to summarize the research hotspots, development trends, learning psychology types, and reasons in this field. The main findings were as follows: (1) During the COVID-19 pandemic, the psychological state of learning college students mainly included academic burnout, learning anxiety, and learning pressure. (2) Academic burnout was affected by perceived usefulness and self-control and was manifested as not accepting online teaching and truancy. (3) Learning anxiety was affected by emotional support factors and was manifested as loneliness, anxiety about lockdown management, and fear of infection. (4) Learning pressure was affected by perceived ease-of-use, environmental support, and self-efficacy and was manifested by difficulties completing online learning tasks, academic performance, and future career uncertainty. Given the above findings, this study proposes corresponding teaching improvement measures from the perspective of the sustainability of the teaching methods of teachers and students’ continuous learning, providing teaching references for schools and teachers, and psychological support for students.