To optimize the bamboo heat treatment process, the corresponding evolution rules under various heat treatment conditions must be determined. When the heat treatment time and temperature remained constant, the effects of different heat treatment pressures on the equilibrium moisture content, dimensional stability, mechanical properties, and chemical composition of bamboo were systematically investigated. In this experiment, bamboo without heat treatment was used as the control group. The experimental findings demonstrate the following: (1) The equilibrium moisture content of heat-treated bamboo gradually decreases with increasing treatment pressure. When the heat treatment pressure was set at 0.1, 0.15, 0.2, and 0.25 MPa, the bamboo’s equilibrium water content decreased to 12.1%, 11.7%, 9.9%, and 8.6%, respectively, while that of the control group was 13.8%. (2) The dimensional stability of bamboo was enhanced with increasing heat treatment pressure. At pressures of 0.1, 0.15, 0.2, and 0.25 MPa, the radial air-dry shrinkage rates of the heat-treated bamboo decreased to 3.4%, 3.4%, 2.6%, and 2.3%, respectively, while the tangential air-dry shrinkage rates reduced to 5.6%, 5.1%, 3.3%, and 3.0%. In comparison, the radial and tangential air-dry shrinkage rates of the control group were measured as 3.6% and 5.8%, respectively. Similarly, the radial and tangential full-dry shrinkage of bamboo exhibited a similar trend. (3) With the increase in heat treatment pressure, the bending strength and longitudinal compressive strength of bamboo exhibited an initial rise followed by a decline. When it was at heat treatment pressures of 0.1, 0.15, 0.2, and 0.25 MPa, the corresponding bending strengths of the heat-treated bamboo were measured as 41.2, 26.7, 22.4, and 20.4 MPa, respectively; while the longitudinal compressive strengths were recorded as 42.6, 38.1, 29.1, and 25.3 MPa. In comparison, the bending and longitudinal compressive strengths of the control group were measured as 39.8 and 38.5 MPa, respectively. It is evident that the optimal heat treatment pressure for bamboo is 0.1 MPa, resulting in a significant increase of 3.5% and 10.6% in bending strength and longitudinal compressive strength, respectively, compared to the control group. (4) Based on the FTIR and XRD patterns of bamboo samples, a range of physical and chemical transformations were observed during the heat treatment process, including cellulose adsorb water evaporation, hemicellulose and cellulose degradation, as well as acetyl group hydrolysis on the molecular chain of hemicellulose. These changes collectively impacted the physical and mechanical properties of bamboo.