The invention discloses an underground pressure release valve and a hydraulic shaping pipe column. The underground pressure release valve comprises an outer sleeve, a valve seat, a valve element and apiston connecting piece, wherein a liquid outlet hole is formed in the outer sleeve, the valve seat is fixed in the outer sleeve and is in sealing fit with the outer sleeve, a pressurizing channel and a pressure release channel are formed in the valve seat, the piston connecting piece can move downwards along with a piston of a hydraulic booster when pressurizing the interior of the outer sleeve,a transmission relation is established between the piston connecting piece and the valve element when the piston connecting piece moves downwards by a certain distance, and the valve element is disengaged from the valve seat to communicate the pressure relief channel. According to the underground pressure release valve, when the piston connecting piece descends to a certain position, the valve element can be automatically driven to be disengaged from the valve seat, the pressure release channel is connected, then the hydraulic shaping column automatically releases pressure, the whole pressurerelease process is conducted underground, frequent pressure rising and releasing on the ground manually are not needed, the pressure release speed is high, the process is safe and reliable, manpowerand material resources can be saved, and pipe column shaping efficiency can be improved.