As a critical component of the transportation system, the safety of bridges is directly related to public safety and the smooth flow of traffic. This study addresses the aforementioned issues by focusing on the identification of bridge structure deterioration and the updating of finite element models, proposing a systematic research framework. First, this study presents a preprocessing method for bridge point cloud data and determines the parameter ranges for key algorithms through parameter tuning. Subsequently, based on the massive point cloud data, this research explores and optimizes the methods for identifying bridge cracks and spatial deformations, significantly enhancing the accuracy and efficiency of identification. On this basis, the particle swarm optimization algorithm is employed to optimize the key parameters in crack detection, ensuring the reliability and precision of the algorithm. Additionally, the study summarizes the methods for detecting bridge structural deformations based on point cloud data and establishes a framework for updating the bridge model. Finally, by integrating the results of bridge crack and deformation detection and combining Bayesian model correction and adaptive nested sampling methods, this research sets up the process for updating finite element model parameters and applies it to the analysis of actual bridge point cloud data.